DORCHESTER WEALTH MANAGEMENT Co Increases Stake in AT&T Inc. (T)
DORCHESTER WEALTH MANAGEMENT Co raised its stake in AT&T Inc. (NYSE:T) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,730 shares of the technology company’s stock after buying an additional 2 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in AT&T were worth $782,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Access Financial Services Inc. bought a new position in shares of AT&T during the fourth quarter worth about $820,000. Israel Discount Bank of New York GFN acquired a new stake in shares of AT&T during the fourth quarter worth approximately $196,000. Pekin Singer Strauss Asset Management IL boosted its stake in shares of AT&T by 1.0% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 82,063 shares of the technology company’s stock worth $3,490,000 after buying an additional 800 shares during the period. Aldebaran Financial Inc. boosted its stake in shares of AT&T by 6.1% in the fourth quarter. Aldebaran Financial Inc. now owns 62,846 shares of the technology company’s stock worth $2,673,000 after buying an additional 3,626 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. boosted its stake in shares of AT&T by 48.0% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 8,707 shares of the technology company’s stock worth $370,000 after buying an additional 2,824 shares during the period. 55.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE T) traded down 0.198% on Tuesday, reaching $37.865. The company had a trading volume of 3,398,320 shares. The company’s 50-day moving average price is $37.60 and its 200 day moving average price is $39.38. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.03. The firm has a market capitalization of $232.49 billion, a P/E ratio of 17.794 and a beta of 0.47.
AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. On average, analysts expect that AT&T Inc. will post $2.94 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.17%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research report on Friday, June 2nd. Tigress Financial raised shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 9th. Finally, Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $39.93 target price for the company. in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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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