Todays Report: The AT&T Inc. (T) Stake Maintained by Millie Capital Management LLC

The AT&T Inc. (T) Stake Maintained by Millie Capital Management LLC

Millie Capital Management LLC continued to hold its position in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,489 shares of the company’s stock at the end of the second quarter. AT&T accounts for about 2.5% of Millie Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Millie Capital Management LLC’s holdings in AT&T were worth $2,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forte Capital LLC ADV raised its stake in shares of AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock worth $1,412,000 after buying an additional 1,649 shares during the period. Sadoff Investment Management LLC raised its stake in shares of AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock worth $9,560,000 after buying an additional 1,656 shares during the period. Vicus Capital raised its stake in shares of AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock worth $3,016,000 after buying an additional 4,950 shares during the period. PGGM Investments raised its stake in shares of AT&T by 1.9% in the first quarter. PGGM Investments now owns 9,379,829 shares of the company’s stock worth $367,408,000 after buying an additional 170,813 shares during the period. Finally, Lodestar Investment Counsel LLC IL raised its stake in shares of AT&T by 10.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 163,086 shares of the company’s stock worth $6,388,000 after buying an additional 15,381 shares during the period. Hedge funds and other institutional investors own 53.64% of the company’s stock.

AT&T Inc. (NYSE:T) traded up 0.59% on Wednesday, hitting $39.33. The company’s stock had a trading volume of 17,179,729 shares. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89. The firm has a 50 day moving average of $40.47 and a 200-day moving average of $40.52. The stock has a market cap of $241.96 billion, a PE ratio of 16.96 and a beta of 0.30.

AT&T (NYSE:T) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts expect that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, October 5th. AT&T’s payout ratio is 83.12%.

A number of analysts have recently weighed in on T shares. Robert W. Baird restated a “neutral” rating and issued a $41.00 target price on shares of AT&T in a research note on Tuesday, June 28th. Deutsche Bank AG restated a “buy” rating and issued a $45.00 target price on shares of AT&T in a research note on Tuesday. Citigroup Inc. lowered AT&T from a “buy” rating to a “neutral” rating and raised their target price for the company from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, FBR & Co raised their target price on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. AT&T presently has an average rating of “Hold” and an average target price of $41.89.

In other AT&T news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

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