AT&T Inc. (T) is Private Capital Advisors Inc.’s 9th Largest Position
Private Capital Advisors Inc. lessened its holdings in AT&T Inc. (NYSE:T) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,873 shares of the technology company’s stock after selling 8,732 shares during the quarter. AT&T makes up about 2.4% of Private Capital Advisors Inc.’s holdings, making the stock its 9th largest position. Private Capital Advisors Inc.’s holdings in AT&T were worth $7,390,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Ullmann Financial Group Inc. purchased a new stake in shares of AT&T during the 1st quarter worth approximately $101,000. Feltz Wealth PLAN Inc. acquired a new position in shares of AT&T in the 1st quarter valued at $104,000. Taylor Wealth Management Partners boosted its holdings in shares of AT&T by 0.4% in the 1st 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 in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of AT&T in the 1st quarter valued at $109,000. Finally, Sterling Investment Advisors Ltd. boosted its holdings in shares of AT&T by 289.1% in the 1st 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 in the last quarter. Institutional investors own 54.99% of the company’s stock.
AT&T Inc. (NYSE T) traded up 0.6561% during midday trading on Tuesday, hitting $39.3666. The company had a trading volume of 7,165,022 shares. The company’s 50 day moving average is $37.69 and its 200 day moving average is $38.59. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03. The stock has a market cap of $241.71 billion, a price-to-earnings ratio of 18.4993 and a beta of 0.49.
AT&T (NYSE:T) last announced its 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. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, equities analysts anticipate that AT&T Inc. will post $2.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.01%. AT&T’s dividend payout ratio (DPR) is 92.45%.
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A number of analysts recently issued reports on T shares. Barclays PLC decreased their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, July 14th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price target on the stock. in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. Bank of America Corporation lowered AT&T from a “buy” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $39.00 in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. AT&T presently has a consensus rating of “Hold” and a consensus target price of $43.87.
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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