CapWealth Advisors LLC grew its stake in AT&T Inc. (NYSE:T) by 14.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,211 shares of the technology company’s stock after acquiring an additional 1,500 shares during the period. CapWealth Advisors LLC’s holdings in AT&T were worth $478,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Welch Investments LLC lifted its position in AT&T by 9.3% during the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock worth $4,122,000 after buying an additional 9,291 shares during the period. Tufton Capital Management lifted its position in AT&T by 6.2% during the second quarter. Tufton Capital Management now owns 183,433 shares of the technology company’s stock worth $6,921,000 after buying an additional 10,654 shares during the period. Kistler Tiffany Companies LLC raised its holdings in shares of AT&T by 11.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 35,527 shares of the technology company’s stock worth $1,340,000 after purchasing an additional 3,788 shares during the period. Cadence Bank NA raised its holdings in shares of AT&T by 0.3% in the 2nd quarter. Cadence Bank NA now owns 61,233 shares of the technology company’s stock worth $2,310,000 after purchasing an additional 173 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in shares of AT&T by 1.2% in the 2nd quarter. JFS Wealth Advisors LLC now owns 30,382 shares of the technology company’s stock worth $1,146,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 55.14% of the company’s stock.
In other AT&T news, Director Richard W. Fisher acquired 2,600 shares of the stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the purchase, the director now directly owns 2,600 shares in the company, valued at $99,060. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Donovan acquired 27,997 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $35.68 per share, with a total value of $998,932.96. Following the purchase, the chief executive officer now owns 179,834 shares in the company, valued at $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.
AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The business had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. analysts expect that AT&T Inc. will post 3.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a $0.50 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.39%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 123.46%.
T has been the topic of a number of research reports. Jefferies Group restated a “buy” rating and issued a $36.38 price objective (down from $48.00) on shares of AT&T in a report on Friday, December 1st. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price objective on the stock. in a report on Wednesday, November 29th. Nomura cut their price objective on AT&T to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Canaccord Genuity restated a “buy” rating and issued a $51.00 price objective on shares of AT&T in a report on Friday, November 10th. Finally, Citigroup raised their price objective on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.92.
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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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