CENTRAL TRUST Co increased its holdings in shares of AT&T Inc. (NYSE:T) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 529,692 shares of the technology company’s stock after acquiring an additional 21,287 shares during the quarter. AT&T makes up approximately 1.3% of CENTRAL TRUST Co’s holdings, making the stock its 15th biggest holding. CENTRAL TRUST Co’s holdings in AT&T were worth $19,986,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Holderness Investments Co. increased its stake in shares of AT&T by 62.9% in the first quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 37,234 shares during the period. Shell Asset Management Co. boosted its holdings 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 valued at $51,770,000 after acquiring an additional 5,354 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of AT&T by 11.0% in the first quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock valued at $251,456,000 after acquiring an additional 597,735 shares in the last quarter. Westover Capital Advisors LLC boosted its holdings in shares of AT&T by 4.0% in the first quarter. Westover Capital Advisors LLC now owns 74,969 shares of the technology company’s stock valued at $3,115,000 after acquiring an additional 2,854 shares in the last quarter. Finally, Argent Capital Management LLC boosted its holdings in shares of AT&T by 1.5% in the first quarter. Argent Capital Management LLC now owns 300,177 shares of the technology company’s stock valued at $12,472,000 after acquiring an additional 4,329 shares in the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $39.84 billion. During the same period in the prior year, the company posted $0.72 earnings per share. AT&T’s revenue was down 1.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.47%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
Several research firms have recently issued reports on T. Macquarie reiterated a “buy” rating and issued a $43.00 price objective on shares of AT&T in a report on Friday, September 1st. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price objective for the company in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. KeyCorp reiterated a “hold” rating on shares of AT&T in a report on Wednesday. Finally, Cowen and Company reiterated a “market perform” rating and issued a $41.00 price objective (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.53.
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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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