HighTower Advisors LLC Acquires 88,301 Shares of AT&T Inc. (T)
HighTower Advisors LLC raised its position in shares of AT&T Inc. (NYSE:T) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,472,499 shares of the technology company’s stock after buying an additional 88,301 shares during the period. AT&T makes up about 1.4% of HighTower Advisors LLC’s holdings, making the stock its 6th largest position. HighTower Advisors LLC’s holdings in AT&T were worth $144,213,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in 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 raised its position in 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. raised its position in 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 acquired a new position in AT&T during the fourth quarter worth approximately $4,687,000. Finally, HighPoint Advisor Group LLC raised its position in 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. 55.28% of the stock is owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE T) traded down 0.24% during mid-day trading on Friday, reaching $38.10. The company’s stock had a trading volume of 13,278,982 shares. The firm has a market cap 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 is $37.57 and its 200 day moving average is $39.64.
AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Thursday, July 6th. AT&T’s payout ratio is currently 92.45%.
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T has been the subject of a number of recent analyst reports. Zacks Investment Research lowered AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Wednesday, April 19th. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $41.00 target price on shares of AT&T in a research report on Saturday, April 29th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 target price on shares of AT&T in a research report on Sunday, July 9th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. AT&T presently has an average rating of “Hold” and a consensus target price 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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