AT&T Inc. (NYSE:T) Stake Increased by Culbertson A N & Co. Inc.
Culbertson A N & Co. Inc. raised its position in AT&T Inc. (NYSE:T) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,397 shares of the technology company’s stock after buying an additional 576 shares during the period. AT&T makes up approximately 1.8% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 22nd largest position. Culbertson A N & Co. Inc.’s holdings in AT&T were worth $5,501,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Elgethun Capital Management purchased a new position in shares of AT&T during the fourth quarter worth approximately $100,000. Feltz Wealth PLAN Inc. purchased a new position in shares of AT&T during the first quarter worth approximately $104,000. Empirical Finance LLC purchased a new position in shares of AT&T during the fourth quarter worth approximately $116,000. New Capital Management LP purchased a new position in shares of AT&T during the fourth quarter worth approximately $176,000. Finally, Asset Planning Services Ltd. increased its position in shares of AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 55.29% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded up 0.03% on Thursday, reaching $38.28. 18,843,828 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $37.65 and its 200-day moving average price is $39.78. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.48. The company has a market capitalization of $70.63 billion, a P/E ratio of 18.06 and a beta of 0.47.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post $2.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.12%. AT&T’s dividend payout ratio is currently 92.45%.
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A number of equities analysts have recently issued reports on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $41.00 price target (down previously from $42.00) on shares of AT&T in a report on Saturday, April 29th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the company a “hold” rating in a report on Saturday, May 20th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target for the company in a report on Wednesday, June 21st. Finally, SunTrust Banks, Inc. assumed coverage on shares of AT&T in a report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.40.
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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