LVM Capital Management Ltd. MI raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,509 shares of the technology company’s stock after acquiring an additional 5,972 shares during the quarter. AT&T comprises approximately 3.6% of LVM Capital Management Ltd. MI’s portfolio, making the stock its 7th biggest holding. LVM Capital Management Ltd. MI’s holdings in AT&T were worth $14,168,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Ullmann Financial Group Inc. bought a new stake in AT&T during the 1st quarter valued at $101,000. Feltz Wealth PLAN Inc. bought a new stake in AT&T during the 1st quarter valued at $104,000. Taylor Wealth Management Partners raised its holdings in AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the period. Almanack Investment Partners LLC. bought a new stake in AT&T during the 1st quarter valued at $109,000. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of AT&T by 289.1% in 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 institutional investors and hedge funds.
Several research analysts have recently weighed in on T shares. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target on the stock in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of AT&T in a report on Wednesday, June 28th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of AT&T in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 price target on shares of AT&T in a report on Sunday, July 9th. Finally, Zacks Investment Research cut shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.84.
AT&T Inc. (NYSE:T) traded down 4.82% during mid-day trading on Thursday, reaching $36.35. 47,488,975 shares of the company’s stock traded hands. AT&T Inc. has a one year low of $35.10 and a one year high of $43.03. The firm’s 50-day moving average price is $37.88 and its 200 day moving average price is $38.46. The firm has a market cap of $223.19 billion, a price-to-earnings ratio of 17.08 and a beta of 0.49.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. During the same period last year, the company posted $0.72 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post $2.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.13%. AT&T’s payout ratio is currently 92.45%.
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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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