UMB Bank N A MO raised its holdings in shares of AT&T Inc. (NYSE:T) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 715,609 shares of the technology company’s stock after acquiring an additional 79,129 shares during the quarter. UMB Bank N A MO’s holdings in AT&T were worth $24,030,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Clean Yield Group grew its stake in shares of AT&T by 29.9% in the 3rd quarter. Clean Yield Group now owns 17,142 shares of the technology company’s stock valued at $576,000 after buying an additional 3,945 shares in the last quarter. Leavell Investment Management Inc. grew its stake in shares of AT&T by 2.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 95,546 shares of the technology company’s stock valued at $3,208,000 after buying an additional 1,962 shares in the last quarter. Adirondack Trust Co. grew its stake in shares of AT&T by 13.1% in the 3rd quarter. Adirondack Trust Co. now owns 61,557 shares of the technology company’s stock valued at $2,067,000 after buying an additional 7,118 shares in the last quarter. Edmp Inc. grew its stake in shares of AT&T by 3.3% in the 3rd quarter. Edmp Inc. now owns 65,125 shares of the technology company’s stock valued at $2,187,000 after buying an additional 2,061 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake in shares of AT&T by 2.7% in the 3rd quarter. Truvestments Capital LLC now owns 77,616 shares of the technology company’s stock valued at $2,606,000 after buying an additional 2,038 shares in the last quarter. 63.41% of the stock is currently owned by institutional investors.
Shares of T stock opened at $30.87 on Friday. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $39.29. The company has a market cap of $184.78 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.52. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81.
AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The business had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that AT&T Inc. will post 3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.61%. AT&T’s payout ratio is 66.89%.
A number of equities research analysts have issued reports on T shares. Zacks Investment Research cut AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Bank of America set a $37.00 target price on AT&T and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Cowen upped their target price on AT&T from $34.00 to $36.00 in a research report on Sunday, December 9th. Citigroup raised AT&T from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, December 11th. Finally, Argus reaffirmed a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.97.
In other AT&T news, Director Michael B. Mccallister purchased 4,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $116,560.00. Following the completion of the acquisition, the director now directly owns 7,361 shares in the company, valued at $214,499.54. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.
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AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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