AT&T Inc. (NYSE:T) Shares Bought by Canal Capital Management LLC
Canal Capital Management LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,161 shares of the technology company’s stock after buying an additional 2,619 shares during the period. Canal Capital Management LLC’s holdings in AT&T were worth $346,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Ullmann Financial Group Inc. purchased a new stake in AT&T during the first quarter valued at about $101,000. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter valued at about $104,000. Taylor Wealth Management Partners raised its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in AT&T during the first quarter valued at about $109,000. Finally, Sterling Investment Advisors Ltd. raised its stake in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the last quarter. 55.24% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc. (T) traded down 0.61% during mid-day trading on Friday, reaching $37.37. 23,017,865 shares of the company traded hands. The stock has a market capitalization of $229.45 billion, a PE ratio of 17.56 and a beta of 0.47. The stock has a 50-day moving average of $37.59 and a 200 day moving average of $39.51. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.03.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. During the same period in the prior year, the firm posted $0.72 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts expect that AT&T Inc. will post $2.95 earnings per share 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 dividend on an annualized basis and a yield of 5.24%. AT&T’s dividend payout ratio (DPR) is 92.45%.
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Several research firms have recently issued reports on T. Deutsche Bank AG reissued a “hold” rating and set a $41.00 target price (down from $42.00) on shares of AT&T in a research note on Saturday, April 29th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 target price on the stock in a research note on Wednesday, June 21st. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. AT&T has an average rating of “Hold” and a consensus price target of $43.50.
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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