Day & Ennis LLC Has $1.58 Million Stake in AT&T Inc. (T)
Day & Ennis LLC lessened its position in AT&T Inc. (NYSE:T) by 15.6% in the third quarter, HoldingsChannel.com reports. The fund owned 40,255 shares of the technology company’s stock after selling 7,429 shares during the period. AT&T comprises about 1.4% of Day & Ennis LLC’s portfolio, making the stock its 25th biggest holding. Day & Ennis LLC’s holdings in AT&T were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. New Capital Management LP boosted its holdings in shares of AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after buying an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. bought a new stake in shares of AT&T during the 3rd quarter worth about $104,000. Macroview Investment Management LLC boosted its holdings in shares of AT&T by 144.3% during the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after buying an additional 1,595 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in shares of AT&T during the 2nd quarter worth about $134,000. Finally, CKW Financial Group boosted its holdings in shares of AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after buying an additional 1,724 shares during the period. 55.14% of the stock is owned by institutional investors.
T has been the subject of several research analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $36.38 target price (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Deutsche Bank reduced their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Finally, SunTrust Banks lifted their target price on shares of AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.92.
Shares of AT&T Inc. (T) opened at $36.31 on Thursday. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The stock has a market cap of $222,910.00, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.37. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $42.70.
AT&T (NYSE:T) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. equities research analysts expect that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 5.51%. AT&T’s payout ratio is presently 123.46%.
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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