Cascade Investment Advisors Inc. continued to hold its position in AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,820 shares of the technology company’s stock at the end of the second quarter. Cascade Investment Advisors Inc.’s holdings in AT&T were worth $144,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of T. Achmea Investment Management B.V. purchased a new position in shares of AT&T in the 1st quarter worth about $42,198,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of AT&T by 4.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after buying an additional 985,330 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of AT&T by 511.7% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 1,003,922 shares of the technology company’s stock worth $37,878,000 after buying an additional 839,792 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of AT&T in the 1st quarter worth about $25,127,000. Finally, State of Wisconsin Investment Board boosted its holdings in shares of AT&T by 11.0% in 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 buying an additional 597,735 shares during the last quarter. 54.98% of the stock is currently owned by hedge funds and other institutional investors.
AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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A number of equities analysts recently weighed in on the stock. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday. Cowen and Company reissued a “market perform” rating and issued a $41.00 price target (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price target on shares of AT&T in a report on Thursday, August 24th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $43.00 price target on shares of AT&T in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and nine have issued a buy rating to the company. AT&T has an average rating of “Hold” and a consensus price target of $43.53.
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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