Mn Services Vermogensbeheer B.V. boosted its stake in AT&T Inc. (NYSE:T) by 511.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,922 shares of the technology company’s stock after acquiring an additional 839,792 shares during the period. AT&T accounts for 1.0% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 13th largest position. Mn Services Vermogensbeheer B.V.’s holdings in AT&T were worth $37,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of T. Ullmann Financial Group Inc. acquired a new stake in shares of AT&T during the first quarter worth $101,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of AT&T during the first quarter worth $104,000. Taylor Wealth Management Partners raised its holdings in shares of AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after purchasing an additional 11 shares during the period. Almanack Investment Partners LLC. acquired a new stake in shares of AT&T during the first quarter worth $109,000. Finally, Sterling Investment Advisors Ltd. raised its holdings in shares of AT&T by 289.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares during the period. 54.98% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc. (T) traded up 0.52% during mid-day trading on Tuesday, hitting $38.50. 7,786,775 shares of the stock were exchanged. The firm has a 50-day moving average price of $37.84 and a 200-day moving average price of $38.48. The stock has a market capitalization of $236.39 billion, a P/E ratio of 18.09 and a beta of 0.49. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. Equities analysts predict that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s dividend payout ratio is presently 92.45%.
A number of brokerages have weighed in on T. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price on the stock in a report on Wednesday, August 16th. Cowen and Company reissued a “market perform” rating and set a $41.00 target price (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Morgan Stanley increased their target price 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. Wells Fargo & Company reaffirmed an “outperform” rating on shares of AT&T in a report on Wednesday, June 28th. Finally, Macquarie reaffirmed a “buy” rating and issued a $43.00 price objective on shares of AT&T in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.87.
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.
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
What are top analysts saying about AT&T Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AT&T Inc. and related companies.