GW Henssler & Associates Ltd. Has $754,000 Stake in AT&T Inc. (T)
GW Henssler & Associates Ltd. reduced its position in AT&T Inc. (NYSE:T) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,137 shares of the technology company’s stock after selling 1,578 shares during the period. GW Henssler & Associates Ltd.’s holdings in AT&T were worth $754,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. TCW Group Inc. raised its stake in shares of AT&T by 8.4% in the fourth quarter. TCW Group Inc. now owns 2,902,678 shares of the technology company’s stock worth $123,451,000 after buying an additional 224,001 shares during the last quarter. Investec Asset Management North America Inc. raised its stake in AT&T by 4.5% in the fourth quarter. Investec Asset Management North America Inc. now owns 251,992 shares of the technology company’s stock valued at $10,717,000 after buying an additional 10,955 shares during the last quarter. Welch Investments LLC acquired a new stake in AT&T during the fourth quarter valued at approximately $3,999,000. Baird Financial Group Inc. raised its stake in AT&T by 1.7% in the fourth quarter. Baird Financial Group Inc. now owns 2,422,151 shares of the technology company’s stock valued at $103,014,000 after buying an additional 40,352 shares during the last quarter. Finally, Haverford Trust Co. raised its stake in AT&T by 2.8% in the fourth quarter. Haverford Trust Co. now owns 174,021 shares of the technology company’s stock valued at $7,401,000 after buying an additional 4,720 shares during the last quarter. Institutional investors own 55.28% of the company’s stock.
AT&T Inc. (T) traded up 0.23% during mid-day trading on Monday, hitting $38.52. 16,774,947 shares of the stock were exchanged. AT&T Inc. has a 12-month low of $35.81 and a 12-month high of $43.48. The company has a 50 day moving average of $37.65 and a 200 day moving average of $39.78. The firm has a market cap of $236.51 billion, a P/E ratio of 18.18 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 earnings per share (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 firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period last year, the company earned $0.72 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Thursday, July 6th. AT&T’s payout ratio is 92.45%.
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T has been the subject of several recent analyst reports. Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the stock a “hold” rating in a report on Saturday, May 20th. Argus reissued a “buy” rating and set a $51.00 price objective on shares of AT&T in a report on Monday, April 10th. Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $38.92 price objective for the company. in a report on Monday, May 22nd. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $41.00 target price (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.40.
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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