Trading Report: The Barrow Hanley Mewhinney & Strauss LLC decides to keep it stake in AT&T Inc. (T) to the level of $881,289,000

The Barrow Hanley Mewhinney & Strauss LLC decides to keep it stake in AT&T Inc. (T) to the level of $881,289,000

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in AT&T Inc. (NYSE:T) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,395,495 shares of the company’s stock after selling 493,304 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.33% of AT&T worth $881,289,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in T. HL Financial Services LLC raised its stake in AT&T by 3.3% in the second quarter. HL Financial Services LLC now owns 540,916 shares of the company’s stock valued at $23,373,000 after buying an additional 17,231 shares during the period. Bollard Group LLC raised its stake in AT&T by 1.1% in the second quarter. Bollard Group LLC now owns 451,190 shares of the company’s stock valued at $19,496,000 after buying an additional 4,776 shares during the period. Aviva PLC raised its stake in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock valued at $177,841,000 after buying an additional 237,012 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in AT&T by 6.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 811,263 shares of the company’s stock valued at $35,055,000 after buying an additional 47,100 shares during the period. Finally, Community Trust & Investment Co. raised its stake in AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock valued at $22,307,000 after buying an additional 9,126 shares during the period. 53.62% of the stock is currently owned by institutional investors.

AT&T Inc. (NYSE:T) traded down 0.03% during mid-day trading on Friday, hitting $36.51. The company had a trading volume of 23,224,073 shares. The firm’s 50 day moving average is $39.44 and its 200 day moving average is $40.42. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The company has a market capitalization of $224.21 billion, a price-to-earnings ratio of 15.55 and a beta of 0.30.

AT&T (NYSE:T) last issued its earnings results on Tuesday, October 25th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by $0.01. AT&T had a net margin of 8.87% and a return on equity of 14.00%. The business had revenue of $40.89 billion for the quarter, compared to analysts’ expectations of $41.15 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts predict that AT&T Inc. will post $2.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 5.26%. AT&T’s dividend payout ratio is 81.70%.

A number of analysts have recently commented on the company. Barclays PLC reissued a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. S&P Equity Research set a $46.00 price objective on AT&T and gave the stock a “buy” rating in a research report on Sunday, July 24th. Deutsche Bank AG restated a “buy” rating and set a $45.00 price objective on shares of AT&T in a research report on Monday, October 24th. FBR & Co raised their price objective on AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd. Finally, Vetr upgraded AT&T from a “sell” rating to a “hold” rating and set a $41.06 price objective for the company in a research report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.23.

In other AT&T news, Director Geoffrey Y. Yang bought 27,129 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were acquired at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.

AT&T Company Profile

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