Mountain Capital Investment Advisors Inc increased its stake in AT&T Inc. (NYSE:T) by 200.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,620 shares of the technology company’s stock after purchasing an additional 7,080 shares during the period. AT&T makes up 0.4% of Mountain Capital Investment Advisors Inc’s holdings, making the stock its 18th biggest holding. Mountain Capital Investment Advisors Inc’s holdings in AT&T were worth $416,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of T. Vanguard Group Inc. grew its position in AT&T by 2.2% in the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after acquiring an additional 9,053,649 shares during the last quarter. BlackRock Inc. grew its position in AT&T by 1.1% in the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after acquiring an additional 4,104,136 shares during the last quarter. Dimensional Fund Advisors LP grew its position in AT&T by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after acquiring an additional 3,572,307 shares during the last quarter. Wells Fargo & Company MN grew its position in AT&T by 2.7% in the second quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after acquiring an additional 1,263,645 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in AT&T by 13.3% in the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after acquiring an additional 5,619,434 shares during the last quarter. Institutional investors own 55.76% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at $36.90 on Friday. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70. The company has a market capitalization of $226,530.00, a PE ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. AT&T’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. sell-side analysts anticipate that AT&T Inc. will post 2.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.50 dividend. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Tuesday, January 9th. AT&T’s payout ratio is currently 96.15%.
T has been the topic of a number of recent analyst reports. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Citigroup lifted their target price on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank decreased their target price on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average price target of $42.59.
In related news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by insiders.
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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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