Cobblestone Capital Advisors LLC NY Has $736,000 Stake in AT&T Inc. (T)
Cobblestone Capital Advisors LLC NY cut its position in AT&T Inc. (NYSE:T) by 1.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,720 shares of the technology company’s stock after selling 326 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in AT&T were worth $736,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in T. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter valued at approximately $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 period. Asset Planning Services Ltd. raised its stake in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock valued at $173,000 after buying an additional 877 shares during the period. Toth Financial Advisory Corp purchased a new stake in AT&T during the first quarter valued at approximately $214,000. Finally, Cedar Wealth Management LLC raised its stake in AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after buying an additional 50 shares during the period. 55.00% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE T) traded down 0.26% during mid-day trading on Wednesday, hitting $37.75. The stock had a trading volume of 3,150,740 shares. AT&T Inc. has a 12-month low of $35.81 and a 12-month high of $43.03. The company’s 50 day moving average price is $37.60 and its 200 day moving average price is $39.38. The stock has a market cap of $231.79 billion, a P/E ratio of 17.74 and a beta of 0.47.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ 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 company 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 business posted $0.72 EPS. AT&T’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that AT&T Inc. will post $2.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.18%. AT&T’s dividend payout ratio (DPR) is 92.45%.
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A number of research firms have recently issued reports on T. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. Tigress Financial upgraded AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a research report on Monday, July 10th. Zacks Investment Research lowered AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. One 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 currently has a consensus rating of “Hold” and a consensus price target 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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