Ausdal Financial Partners Inc. Has $3,408,000 Stake in AT&T Inc. (T)
Ausdal Financial Partners Inc. maintained its position in shares of AT&T Inc. (NYSE:T) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,137 shares of the technology company’s stock at the end of the first quarter. AT&T accounts for about 1.6% of Ausdal Financial Partners Inc.’s holdings, making the stock its 12th largest position. Ausdal Financial Partners Inc.’s holdings in AT&T were worth $3,408,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of T. RMB Capital Management LLC increased its position in AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock valued at $1,537,000 after buying an additional 24,491 shares in the last quarter. Shell Asset Management Co. increased its position in AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock valued at $51,770,000 after buying an additional 5,354 shares in the last quarter. HighPoint Advisor Group LLC increased its position in AT&T by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 358,021 shares of the technology company’s stock valued at $15,051,000 after buying an additional 15,867 shares in the last quarter. Macquarie Group Ltd. increased its position in AT&T by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock valued at $843,705,000 after buying an additional 1,139,382 shares in the last quarter. Finally, Foster & Motley Inc. increased its position in AT&T by 4.6% in the first quarter. Foster & Motley Inc. now owns 58,194 shares of the technology company’s stock valued at $2,418,000 after buying an additional 2,545 shares in the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.
Shares of AT&T Inc. (T) traded up 0.82% on Friday, reaching $37.99. 14,187,866 shares of the company’s stock were exchanged. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.03. The stock’s 50-day moving average price is $37.60 and its 200-day moving average price is $39.38. The company has a market capitalization of $233.26 billion, a P/E ratio of 17.85 and a beta of 0.47.
AT&T (NYSE:T) last issued its quarterly earnings data 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 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 analyst estimates of $39.84 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post $2.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio is currently 92.45%.
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Several equities analysts have issued reports on the stock. Royal Bank Of Canada set a $42.00 price objective on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a research note on Wednesday, August 16th. Moffett Nathanson upgraded shares of AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Thursday. Finally, Cowen and Company restated a “market perform” rating and issued a $41.00 price objective (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.50.
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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