Evermay Wealth Management LLC lifted its position in AT&T Inc. (NYSE:T) by 35.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,760 shares of the technology company’s stock after buying an additional 3,625 shares during the quarter. Evermay Wealth Management LLC’s holdings in AT&T were worth $539,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of T. New Capital Management LP increased its holdings in AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares during the period. Harrington Investments INC purchased a new position in shares of AT&T in the 3rd quarter valued at about $626,000. Advisors Capital Management LLC increased its holdings in shares of AT&T by 20.2% in the 3rd quarter. Advisors Capital Management LLC now owns 604,949 shares of the technology company’s stock valued at $23,695,000 after acquiring an additional 101,610 shares during the last quarter. Rand Wealth LLC increased its holdings in shares of AT&T by 1.2% in the 3rd quarter. Rand Wealth LLC now owns 206,766 shares of the technology company’s stock valued at $8,099,000 after acquiring an additional 2,358 shares during the last quarter. Finally, Personal Capital Advisors Corp increased its holdings in shares of AT&T by 9.3% in the 3rd quarter. Personal Capital Advisors Corp now owns 589,093 shares of the technology company’s stock valued at $23,075,000 after acquiring an additional 49,918 shares during the last quarter. Hedge funds and other institutional investors own 55.75% of the company’s stock.
In related news, Director Matthew K. Rose acquired 29,600 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.
AT&T (NYSE:T) last posted its quarterly earnings data 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 return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. research analysts anticipate that AT&T Inc. will post 2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.12%. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is presently 94.69%.
A number of research analysts have recently commented on T shares. Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Citigroup increased their price objective on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 11th. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Deutsche Bank dropped their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company. AT&T currently has a consensus rating of “Hold” and a consensus price target of $42.83.
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.
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
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.