Mountain Pacific Investment Advisers Inc. ID held its stake in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,338 shares of the technology company’s stock at the end of the second quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in AT&T were worth $277,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Guggenheim Capital LLC boosted its stake in shares of AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock worth $114,401,000 after buying an additional 131,629 shares in the last quarter. RMB Capital Management LLC increased its position in shares of AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock worth $1,537,000 after buying an additional 24,491 shares during the last quarter. Cpcm LLC purchased a new position in shares of AT&T during the fourth quarter worth approximately $1,786,000. Zurich Insurance Group Ltd FI increased its position in shares of AT&T by 20.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 870,749 shares of the technology company’s stock worth $37,033,000 after buying an additional 145,427 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after buying an additional 5,354 shares during the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 0.61% during mid-day trading on Friday, hitting $37.37. 23,017,865 shares of the stock were exchanged. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.03. The stock has a market cap of $229.45 billion, a price-to-earnings ratio of 17.56 and a beta of 0.47. The company has a 50 day moving average price of $37.59 and a 200 day moving average price of $39.51.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts expect that AT&T Inc. will post $2.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.24%. AT&T’s dividend payout ratio is currently 92.45%.
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A number of equities analysts have recently issued reports on T shares. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.93 price target for the company in a report on Wednesday, May 24th. Barclays PLC cut their price target on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating and set a $42.00 target price on shares of AT&T in a report on Sunday, July 9th. ValuEngine downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Tigress Financial upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.50.
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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