AT&T Inc. (T) Shares Sold by Crossvault Capital Management LLC
Crossvault Capital Management LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,243 shares of the technology company’s stock after selling 1,375 shares during the period. AT&T accounts for about 1.9% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Crossvault Capital Management LLC’s holdings in AT&T were worth $3,178,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of T. Taylor Wealth Management Partners increased 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 worth $106,000 after buying an additional 11 shares in the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares during the period. Cedar Wealth Management LLC boosted its position in shares of 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. Lathrop Investment Management Corp boosted its position in shares of AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock valued at $1,037,000 after buying an additional 73 shares during the period. Finally, Headinvest LLC boosted its position in shares of AT&T by 0.3% in the second quarter. Headinvest LLC now owns 28,069 shares of the technology company’s stock valued at $1,059,000 after buying an additional 74 shares during the period. 55.00% of the stock is owned by institutional investors.
AT&T Inc. (T) traded down 0.183% during trading on Thursday, hitting $37.601. The stock had a trading volume of 7,402,123 shares. The stock has a market cap of $230.87 billion, a price-to-earnings ratio of 17.670 and a beta of 0.47. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.03. The firm has a 50 day moving average of $37.60 and a 200-day moving average of $39.38.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating the 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 during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post $2.94 earnings per share for the current year.
The firm also recently announced 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 was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.20%. AT&T’s payout ratio is 92.45%.
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T has been the subject of several research analyst reports. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.93 price objective for the company in a research note on Wednesday, May 24th. Barclays PLC dropped their price objective on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and set a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Tigress Financial raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T currently 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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