Point View Wealth Management Inc. Buys 1,244 Shares of AT&T Inc. (T)
Point View Wealth Management Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,661 shares of the technology company’s stock after buying an additional 1,244 shares during the quarter. AT&T accounts for 1.1% of Point View Wealth Management Inc.’s investment portfolio, making the stock its 15th largest holding. Point View Wealth Management Inc.’s holdings in AT&T were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Holderness Investments Co. grew its stake in AT&T by 62.9% in the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 37,234 shares during the period. Doyle Wealth Management grew its stake in shares of AT&T by 4.3% during the 2nd quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after acquiring an additional 1,559 shares during the period. Telos Capital Management Inc. grew its stake in shares of AT&T by 4.8% during the 2nd quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock worth $2,641,000 after acquiring an additional 3,197 shares during the period. Altfest L J & Co. Inc. grew its stake in shares of AT&T by 42.1% during the 2nd quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock worth $1,721,000 after acquiring an additional 13,510 shares during the period. Finally, Welch Investments LLC grew its stake in shares of AT&T by 9.3% during the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock worth $4,122,000 after acquiring an additional 9,291 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.
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 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.
T has been the subject of several research reports. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Citigroup increased their price target on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank cut their price target on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.81.
Shares of AT&T Inc. (NYSE:T) traded up $0.12 on Friday, reaching $36.50. The company had a trading volume of 31,433,094 shares, compared to its average volume of 24,996,168. The stock has a market cap of $224,070.00, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.94 and a beta of 0.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. research analysts predict that AT&T Inc. will post 2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.37%. AT&T’s dividend payout ratio (DPR) is 94.23%.
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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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