Van Hulzen Asset Management LLC Acquires Shares of 22,463 AT&T Inc. (T)

Van Hulzen Asset Management LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the third quarter, HoldingsChannel.com reports. The firm acquired 22,463 shares of the technology company’s stock, valued at approximately $880,000.

Other hedge funds also recently made changes to their positions in the company. Israel Discount Bank of New York grew its position in AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after buying an additional 25 shares during the period. Greatmark Investment Partners Inc. grew its position in AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after buying an additional 53 shares during the period. Cim LLC grew its position in AT&T by 1.0% during the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock valued at $241,000 after buying an additional 62 shares during the period. Stratford Consulting LLC grew its position in AT&T by 0.9% during the second quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock valued at $275,000 after buying an additional 68 shares during the period. Finally, New England Investment & Retirement Group Inc. grew its position in AT&T by 1.1% during the second quarter. New England Investment & Retirement Group Inc. now owns 7,122 shares of the technology company’s stock valued at $269,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 55.49% of the company’s stock.

In related news, Director Richard W. Fisher bought 2,600 shares of the stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $38.10 per share, with a total value of $99,060.00. Following the completion of the acquisition, the director now owns 2,600 shares of the company’s stock, valued at $99,060. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now directly owns 51,672 shares in the company, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

AT&T Inc. (T) opened at $36.05 on Friday. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $42.70. The firm has a market cap of $224,300.00, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts forecast that AT&T Inc. will post 3.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is 41.67%.

Several brokerages recently issued reports on T. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.62 target price for the company in a research report on Thursday. Argus restated a “buy” rating and set a $36.83 target price (down from $48.00) on shares of AT&T in a research report on Wednesday. Bank of America boosted their target price on shares of AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks boosted their target price 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. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.94.

TRADEMARK VIOLATION NOTICE: “Van Hulzen Asset Management LLC Acquires Shares of 22,463 AT&T Inc. (T)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2018/02/10/van-hulzen-asset-management-llc-acquires-shares-of-22463-att-inc-t.html.

AT&T 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).

Institutional Ownership by Quarter for AT&T (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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit