Hengehold Capital Management LLC Boosts Position in AT&T Inc. (T)
Hengehold Capital Management LLC increased its position in AT&T Inc. (NYSE:T) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,141 shares of the technology company’s stock after buying an additional 527 shares during the period. Hengehold Capital Management LLC’s holdings in AT&T were worth $1,854,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of T. Guggenheim Capital LLC increased its position in shares of AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock worth $114,401,000 after buying an additional 131,629 shares during the last quarter. RMB Capital Management LLC increased its position in shares of AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock worth $1,537,000 after buying an additional 24,491 shares during the last quarter. Shell Asset Management Co. increased its position in shares of AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after buying an additional 5,354 shares during the last quarter. Bridgeworth LLC bought a new position in shares of AT&T during the fourth quarter worth approximately $4,687,000. Finally, HighPoint Advisor Group LLC increased its position in shares of AT&T by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 358,021 shares of the technology company’s stock worth $15,051,000 after buying an additional 15,867 shares during the last quarter. Hedge funds and other institutional investors own 55.28% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded down 0.24% during midday trading on Friday, hitting $38.10. The stock had a trading volume of 13,278,982 shares. The firm has a market capitalization of $233.93 billion, a PE ratio of 17.90 and a beta of 0.47. AT&T Inc. has a one year low of $35.81 and a one year high of $43.32. The firm’s 50-day moving average price is $37.57 and its 200-day moving average price is $39.64.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that AT&T Inc. will post $2.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.14%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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T has been the subject of a number of recent research reports. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research note on Wednesday, April 19th. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research note on Saturday, April 29th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. One analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.50.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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