Bp Plc held its stake in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 712,000 shares of the technology company’s stock at the close of the 2nd quarter. AT&T comprises 1.0% of Bp Plc’s holdings, making the stock its 15th biggest holding. Bp Plc’s holdings in AT&T were worth $26,864,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. APG Asset Management N.V. increased its position in AT&T by 7.1% in 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 last quarter. Achmea Investment Management B.V. purchased a new stake in AT&T in the first quarter worth $42,198,000. Schwab Charles Investment Management Inc. increased its position in AT&T by 4.6% in 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 last quarter. Harbour Capital Advisors LLC increased its position in AT&T by 3,465.2% in the second quarter. Harbour Capital Advisors LLC now owns 883,674 shares of the technology company’s stock worth $23,421,000 after buying an additional 858,888 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in AT&T by 511.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,003,922 shares of the technology company’s stock worth $37,878,000 after buying an additional 839,792 shares during the last quarter. Institutional investors and hedge funds own 55.08% of the company’s stock.
T has been the subject of several recent research reports. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Barclays PLC reduced their price target on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, July 14th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target for the company. in a research report on Tuesday, September 26th. Deutsche Bank AG reduced their price target on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.87.
In related news, Director Matthew K. Rose bought 29,600 shares of the stock in a transaction dated Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the purchase, the director now owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (NYSE T) opened at $33.30 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.12 and a current ratio of 1.60. AT&T Inc. has a 52 week low of $32.93 and a 52 week high of $43.03. The stock has a market capitalization of $204,428.70, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.68 and a beta of 0.42.
AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue was down 3.0% on a year-over-year basis. sell-side analysts forecast that AT&T Inc. will post 2.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 94.69%.
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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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