AT&T Inc. (T) Shares Bought by Bollard Group LLC
Bollard Group LLC increased its position in shares of AT&T Inc. (NYSE:T) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 451,190 shares of the company’s stock after buying an additional 4,776 shares during the period. AT&T accounts for about 1.3% of Bollard Group LLC’s investment portfolio, making the stock its 6th largest position. Bollard Group LLC’s holdings in AT&T were worth $19,496,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of T. Lodestar Investment Counsel LLC IL raised its stake in AT&T by 10.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 163,086 shares of the company’s stock worth $6,388,000 after buying an additional 15,381 shares during the period. ST Germain D J Co. Inc. raised its stake in AT&T by 0.6% in the first quarter. ST Germain D J Co. Inc. now owns 114,087 shares of the company’s stock worth $4,469,000 after buying an additional 640 shares during the period. Stokes & Hubbell Capital Management LLC raised its stake in AT&T by 12.5% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 69,213 shares of the company’s stock worth $2,711,000 after buying an additional 7,687 shares during the period. Carroll Financial Associates Inc. raised its stake in AT&T by 3.1% in the first quarter. Carroll Financial Associates Inc. now owns 50,384 shares of the company’s stock worth $1,973,000 after buying an additional 1,499 shares during the period. Finally, HHG & Company LLC raised its stake in AT&T by 0.3% in the first quarter. HHG & Company LLC now owns 143,574 shares of the company’s stock worth $5,624,000 after buying an additional 362 shares during the period. 53.64% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded up 0.36% during midday trading on Monday, reaching $39.01. The company had a trading volume of 19,020,705 shares. The stock has a 50-day moving average price of $40.52 and a 200 day moving average price of $40.53. AT&T Inc. has a 12-month low of $32.22 and a 12-month high of $43.89. The company has a market capitalization of $239.99 billion, a PE ratio of 16.82 and a beta of 0.30.
AT&T (NYSE:T) last issued its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The firm had revenue of $40.50 billion for 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%. Equities analysts forecast that AT&T Inc. will post $2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio is presently 83.12%.
T has been the topic of several recent research reports. Robert W. Baird reissued a “neutral” rating and set a $41.00 price objective on shares of AT&T in a report on Tuesday, June 28th. Citigroup Inc. lowered AT&T from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a report on Monday, July 25th. FBR & Co lifted their price objective on AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Friday, July 22nd. Finally, Buckingham Research lowered AT&T from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $30.97 to $39.56 in a report on Friday, June 24th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. AT&T has an average rating of “Hold” and a consensus target price of $41.82.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the firm’s 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 sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by company insiders.
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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