BB&T Corp reduced its stake in AT&T Inc. (NYSE:T) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 878,957 shares of the technology company’s stock after selling 7,881 shares during the quarter. AT&T makes up approximately 0.7% of BB&T Corp’s investment portfolio, making the stock its 29th biggest position. BB&T Corp’s holdings in AT&T were worth $34,430,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of AT&T in the second quarter worth about $314,000. Almanack Investment Partners LLC. bought a new stake in shares of AT&T in the first quarter worth about $109,000. 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 last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of AT&T in the second quarter worth about $134,000. Finally, CKW Financial Group increased its holdings in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,724 shares during the last quarter. 55.75% of the stock is currently owned by institutional investors.
T has been the subject of several recent research reports. SunTrust Banks reiterated a “hold” rating and issued a $36.00 price target on shares of AT&T in a research report on Friday, October 27th. Nomura dropped their price target on AT&T to $42.00 and set a “buy” rating for the company in a research report on Tuesday, November 21st. Standpoint Research initiated coverage on AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, October 11th. Finally, Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price for the company in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.83.
Shares of AT&T Inc. (NYSE T) opened at $38.94 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03. The firm has a market cap of $239,052.66, a P/E ratio of 18.81, a PEG ratio of 3.24 and a beta of 0.44.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue was down 3.0% on a year-over-year basis. sell-side analysts expect that AT&T Inc. will post 2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is currently 94.69%.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/26/bbt-corp-sells-7881-shares-of-att-inc-t.html.
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.
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.