Charter Trust Co. Boosts Stake in AT&T Inc. (T)
Charter Trust Co. raised its stake in AT&T Inc. (NYSE:T) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 243,709 shares of the company’s stock after buying an additional 10,946 shares during the period. AT&T makes up approximately 1.2% of Charter Trust Co.’s holdings, making the stock its 23rd largest position. Charter Trust Co.’s holdings in AT&T were worth $10,530,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of T. Moon Capital Management LLC boosted its stake in shares of AT&T by 28.5% in the first quarter. Moon Capital Management LLC now owns 21,710 shares of the company’s stock valued at $850,000 after buying an additional 4,812 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in shares of AT&T by 9.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 371,171 shares of the company’s stock valued at $14,539,000 after buying an additional 32,729 shares during the period. Financial Consulate Inc. boosted its stake in shares of AT&T by 21.6% in the first quarter. Financial Consulate Inc. now owns 17,851 shares of the company’s stock valued at $699,000 after buying an additional 3,166 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in shares of AT&T by 3.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 37,042 shares of the company’s stock valued at $1,451,000 after buying an additional 1,075 shares during the period. Finally, Swarthmore Group Inc. purchased a new stake in shares of AT&T during the first quarter valued at $1,262,000. 53.64% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded down 0.29% during mid-day trading on Friday, reaching $40.61. The company had a trading volume of 19,381,624 shares. The stock’s 50-day moving average is $40.97 and its 200 day moving average is $40.48. The firm has a market capitalization of $249.83 billion, a P/E ratio of 17.51 and a beta of 0.28. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89.
AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The firm earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts predict that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.73%. AT&T’s payout ratio is 83.12%.
Several equities analysts have commented on the stock. Barclays PLC reiterated a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. S&P Equity Research set a $46.00 price target on shares of AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. Pacific Crest reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, September 7th. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $41.37 price target on the stock. in a research note on Tuesday, June 7th. Finally, Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.43.
In other news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the transaction, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by insiders.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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