Terril Brothers Inc. maintained its position in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,500 shares of the technology company’s stock at the end of the fourth quarter. AT&T comprises 0.8% of Terril Brothers Inc.’s portfolio, making the stock its 23rd largest position. Terril Brothers Inc.’s holdings in AT&T were worth $2,403,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in AT&T by 3.0% in the fourth quarter. State Street Corp now owns 266,097,072 shares of the technology company’s stock valued at $11,317,116,000 after buying an additional 7,784,839 shares during the period. Northern Trust Corp boosted its position in AT&T by 0.9% in the third quarter. Northern Trust Corp now owns 71,909,741 shares of the technology company’s stock valued at $2,920,255,000 after buying an additional 625,306 shares during the period. Dimensional Fund Advisors LP boosted its position in AT&T by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 59,285,390 shares of the technology company’s stock valued at $2,521,483,000 after buying an additional 2,770,539 shares during the period. Federated Investors Inc. PA boosted its position in AT&T by 4.4% in the fourth quarter. Federated Investors Inc. PA now owns 26,740,306 shares of the technology company’s stock valued at $1,137,264,000 after buying an additional 1,129,450 shares during the period. Finally, LSV Asset Management boosted its position in AT&T by 0.6% in the third quarter. LSV Asset Management now owns 24,545,062 shares of the technology company’s stock valued at $996,774,000 after buying an additional 142,207 shares during the period. 53.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) traded down 1.07% during mid-day trading on Friday, reaching $39.93. The company’s stock had a trading volume of 25,240,278 shares. The firm’s 50-day moving average price is $41.49 and its 200 day moving average price is $40.39. The firm has a market cap of $245.23 billion, a P/E ratio of 19.02 and a beta of 0.39. AT&T Inc. has a 12-month low of $36.10 and a 12-month high of $43.89.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 25th. The technology company reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. AT&T had a return on equity of 14.15% and a net margin of 7.92%. The company earned $41.80 billion during the quarter, compared to analyst estimates of $42.14 billion. During the same period in the previous year, the business earned $0.63 EPS. AT&T’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post $2.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $1.96 annualized dividend and a yield of 4.91%. AT&T’s dividend payout ratio (DPR) is currently 93.78%.
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Several research firms recently weighed in on T. Instinet restated a “buy” rating and set a $45.00 price target (down from $46.00) on shares of AT&T in a research report on Sunday, April 2nd. Wells Fargo & Co restated an “outperform” rating on shares of AT&T in a research report on Tuesday, April 11th. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.60 price target on the stock in a research report on Monday, February 6th. SunTrust Banks, Inc. began coverage on AT&T in a research report on Tuesday. They set a “hold” rating and a $40.00 price target on the stock. Finally, Royal Bank of Canada lifted their price target on AT&T from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, January 26th. Sixteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.21.
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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