Lakeview Capital Partners LLC reduced its holdings in shares of AT&T Inc. (NYSE:T) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,695 shares of the technology company’s stock after selling 114 shares during the quarter. AT&T accounts for 1.4% of Lakeview Capital Partners LLC’s portfolio, making the stock its 11th largest position. Lakeview Capital Partners LLC’s holdings in AT&T were worth $1,686,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in AT&T by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after buying an additional 985,330 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in AT&T by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after buying an additional 143,884 shares during the period. APG Asset Management N.V. grew its stake in AT&T by 7.1% during the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock worth $638,314,000 after buying an additional 1,117,300 shares during the period. Great West Life Assurance Co. Can grew its stake in AT&T by 6.4% during the second quarter. Great West Life Assurance Co. Can now owns 8,847,061 shares of the technology company’s stock worth $333,379,000 after buying an additional 532,249 shares during the period. Finally, State of Wisconsin Investment Board grew its stake in AT&T by 11.0% during the first quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock worth $251,456,000 after buying an additional 597,735 shares during the period. Institutional investors own 55.08% of the company’s stock.
In other news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at $104,625. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.
Several brokerages have recently weighed in on T. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks, Inc. restated a “hold” rating and issued a $36.00 target price on shares of AT&T in a research note on Friday, October 27th. Deutsche Bank AG decreased their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Finally, Robert W. Baird decreased their target price on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.87.
Shares of AT&T Inc. (NYSE:T) opened at $33.30 on Friday. The firm has a market capitalization of $203,630.63, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.42. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 1.23.
AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. research analysts anticipate that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.89%. AT&T’s dividend payout ratio (DPR) is 94.69%.
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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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