Lincoln National Corp raised its holdings in AT&T Inc. (NYSE:T) by 8.4% in the third quarter, Holdings Channel reports. The fund owned 72,468 shares of the technology company’s stock after acquiring an additional 5,587 shares during the quarter. Lincoln National Corp’s holdings in AT&T were worth $2,839,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of T. New Capital Management LP lifted its stake in shares of AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after buying an additional 1,500 shares during the last quarter. Macroview Investment Management LLC lifted its stake in shares of AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after buying an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of AT&T in the second quarter worth $134,000. CKW Financial Group lifted its stake in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after buying an additional 1,724 shares during the last quarter. Finally, Israel Discount Bank of New York lifted its stake in shares of AT&T by 0.6% in the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 55.76% of the company’s stock.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (NYSE T) opened at $36.90 on Friday. The stock has a market cap of $226,530.00, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.94 and a beta of 0.44. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $42.70.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. equities research analysts forecast that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is 96.15%.
A number of equities analysts recently issued reports on the stock. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 target price on the stock in a research report on Thursday, September 28th. KeyCorp boosted their target price on shares of AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Robert W. Baird dropped their target price on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Finally, ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.59.
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AT&T Company Profile
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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