OLD Dominion Capital Management Inc. lessened its holdings in AT&T Inc. (NYSE:T) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,039 shares of the technology company’s stock after selling 2,824 shares during the period. OLD Dominion Capital Management Inc.’s holdings in AT&T were worth $785,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Eqis Capital Management Inc. lifted its position in shares of AT&T by 14.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 86,915 shares of the technology company’s stock worth $3,279,000 after purchasing an additional 11,107 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 2.9% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 62,852 shares of the technology company’s stock worth $2,371,000 after purchasing an additional 1,800 shares during the last quarter. Portfolio Solutions LLC lifted its position in shares of AT&T by 329.1% during the 2nd quarter. Portfolio Solutions LLC now owns 21,487 shares of the technology company’s stock worth $811,000 after purchasing an additional 16,479 shares during the last quarter. LVM Capital Management Ltd. MI lifted its position in AT&T by 1.6% in the second quarter. LVM Capital Management Ltd. MI now owns 375,509 shares of the technology company’s stock valued at $14,168,000 after acquiring an additional 5,972 shares during the last quarter. Finally, Camarda Financial Advisors LLC lifted its position in AT&T by 2.7% in the second quarter. Camarda Financial Advisors LLC now owns 11,940 shares of the technology company’s stock valued at $450,000 after acquiring an additional 317 shares during the last quarter. 55.49% of the stock is owned by institutional investors.
In other news, Director Richard W. Fisher purchased 2,600 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the purchase, the director now directly owns 2,600 shares in the company, valued at approximately $99,060. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The company had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. equities research analysts anticipate that AT&T Inc. will post 3.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. AT&T’s payout ratio is currently 41.67%.
A number of brokerages recently weighed in on T. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks boosted their price target on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. KeyCorp boosted their price target on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $39.75 price target for the company. in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.94.
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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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