AT&T Inc. (T) Stake Held by Moller Financial Services
Moller Financial Services maintained its position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,067 shares of the technology company’s stock at the close of the second quarter. AT&T comprises approximately 0.3% of Moller Financial Services’ portfolio, making the stock its 27th largest holding. Moller Financial Services’ holdings in AT&T were worth $682,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in T. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of AT&T by 183.5% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 14,074 shares of the technology company’s stock valued at $585,000 after purchasing an additional 9,109 shares during the period. Founders Capital Management LLC boosted its holdings in shares of AT&T by 1.1% in the first quarter. Founders Capital Management LLC now owns 232,258 shares of the technology company’s stock valued at $9,650,000 after purchasing an additional 2,530 shares during the period. Headinvest LLC boosted its holdings in shares of AT&T by 4.1% in the first quarter. Headinvest LLC now owns 27,995 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 1,113 shares during the period. Excalibur Management Corp boosted its holdings in shares of AT&T by 0.4% in the first quarter. Excalibur Management Corp now owns 183,507 shares of the technology company’s stock valued at $7,625,000 after purchasing an additional 646 shares during the period. Finally, Northpointe Capital LLC boosted its holdings in shares of AT&T by 20.3% in the first quarter. Northpointe Capital LLC now owns 202,224 shares of the technology company’s stock valued at $8,402,000 after purchasing an additional 34,090 shares during the period. Institutional investors and hedge funds own 55.21% of the company’s stock.
Shares of AT&T Inc. (NYSE T) opened at $34.17 on Tuesday. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $210,076.59, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same period in the previous year, the company posted $0.74 earnings per share. AT&T’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities research analysts anticipate that AT&T Inc. will post 2.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s payout ratio is 94.69%.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the stock in a transaction on Wednesday, October 25th. The shares were bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on the stock. SunTrust Banks, Inc. reissued a “hold” rating and issued a $36.00 price objective on shares of AT&T in a research note on Friday, October 27th. Standpoint Research assumed coverage on shares of AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, October 11th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price objective for the company in a research note on Monday, October 16th. Finally, Macquarie reissued a “buy” rating and issued a $43.00 price objective on shares of AT&T in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.48.
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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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