AT&T Inc. (T) Position Raised by Signature Financial Management Inc.
Signature Financial Management Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 56.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,818 shares of the technology company’s stock after buying an additional 5,721 shares during the quarter. Signature Financial Management Inc.’s holdings in AT&T were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Ullmann Financial Group Inc. bought a new stake in AT&T during the 1st quarter valued at $101,000. Almanack Investment Partners LLC. bought a new stake in AT&T during the 1st quarter valued at $109,000. Sterling Investment Advisors Ltd. raised its holdings in AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the last quarter. CKW Financial Group raised its holdings in AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after buying an additional 1,724 shares during the last quarter. Finally, Sharkey Howes & Javer raised its holdings in AT&T by 9.0% during the 2nd quarter. Sharkey Howes & Javer now owns 5,166 shares of the technology company’s stock valued at $195,000 after buying an additional 428 shares during the last quarter. Institutional investors own 55.21% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at $33.72 on Wednesday. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $43.03. The company has a market cap of $207,680.00, a PE ratio of 11.68, a P/E/G ratio of 2.76 and a beta of 0.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities analysts predict that AT&T Inc. will post 2.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Friday, October 6th. AT&T’s payout ratio is presently 94.23%.
In related news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.
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T has been the subject of several research reports. Standpoint Research initiated coverage on shares of AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective for the company. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a report on Wednesday, August 16th. Cowen and Company restated a “market perform” rating and issued a $41.00 price objective (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Finally, Morgan Stanley upped their price objective on shares of AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average target price of $43.48.
AT&T Company Profile
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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