Nadler Financial Group Inc. Has $560,000 Holdings in AT&T Inc. (T)
Nadler Financial Group Inc. cut its holdings in shares of AT&T Inc. (NYSE:T) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,833 shares of the technology company’s stock after selling 320 shares during the quarter. Nadler Financial Group Inc.’s holdings in AT&T were worth $560,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Holderness Investments Co. increased its holdings in AT&T by 62.9% during the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after purchasing an additional 37,234 shares during the last quarter. Shell Asset Management Co. increased its holdings in AT&T by 0.4% during the 1st quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after purchasing an additional 5,354 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in AT&T by 11.0% during the 1st quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock worth $251,456,000 after purchasing an additional 597,735 shares during the last quarter. Westover Capital Advisors LLC increased its holdings in AT&T by 4.0% during the 1st quarter. Westover Capital Advisors LLC now owns 74,969 shares of the technology company’s stock worth $3,115,000 after purchasing an additional 2,854 shares during the last quarter. Finally, Argent Capital Management LLC increased its holdings in AT&T by 1.5% during the 1st quarter. Argent Capital Management LLC now owns 300,177 shares of the technology company’s stock worth $12,472,000 after purchasing an additional 4,329 shares during the last quarter. Institutional investors own 54.99% of the company’s stock.
Several equities research analysts have issued reports on the company. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective on the stock in a report on Wednesday, August 16th. Cowen and Company reiterated a “market perform” rating and issued a $41.00 target price (down previously from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Morgan Stanley lifted their target price on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research report on Wednesday, June 28th. Finally, Macquarie reiterated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.87.
Shares of AT&T Inc. (NYSE T) traded down 1.10% on Friday, reaching $38.59. The company’s stock had a trading volume of 22,431,894 shares. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03. The stock has a 50-day moving average of $37.82 and a 200 day moving average of $38.56. The stock has a market capitalization of $236.94 billion, a price-to-earnings ratio of 18.13 and a beta of 0.49. AT&T also was the target of unusually large options trading on Thursday. Stock traders bought 294,492 call options on the company. This represents an increase of 654% compared to the typical daily volume of 39,059 call options.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for 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%. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. On average, analysts expect that AT&T Inc. will post $2.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.08%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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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