The Saturna Capital CORP Holds Position in AT&T Inc. (T)

The Saturna Capital CORP Holds Position in AT&T Inc. (T)

Saturna Capital CORP held its stake in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,216 shares of the company’s stock at the end of the second quarter. Saturna Capital CORP’s holdings in AT&T were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of T. Emerald Acquisition Ltd. acquired a new position in shares of AT&T during the second quarter valued at approximately $387,606,000. TIAA CREF Investment Management LLC boosted its position in shares of AT&T by 12.8% in the first quarter. TIAA CREF Investment Management LLC now owns 24,011,256 shares of the company’s stock valued at $940,521,000 after buying an additional 2,733,411 shares in the last quarter. Swedbank acquired a new position in shares of AT&T during the second quarter valued at approximately $104,188,000. First Trust Advisors LP boosted its position in shares of AT&T by 53.7% in the second quarter. First Trust Advisors LP now owns 6,711,838 shares of the company’s stock valued at $290,019,000 after buying an additional 2,345,042 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of AT&T by 34.6% in the second quarter. American Century Companies Inc. now owns 8,346,666 shares of the company’s stock valued at $360,659,000 after buying an additional 2,146,128 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

Shares of AT&T Inc. (NYSE:T) traded down 0.03% during trading on Friday, hitting $36.51. 23,224,073 shares of the company traded hands. The stock has a market cap of $224.21 billion, a price-to-earnings ratio of 15.55 and a beta of 0.30. The firm has a 50 day moving average price of $39.44 and a 200-day moving average price of $40.42. AT&T Inc. has a one year low of $32.22 and a one year high of $43.89.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.01. AT&T had a return on equity of 14.00% and a net margin of 8.87%. The firm earned $40.89 billion during the quarter, compared to analyst estimates of $41.15 billion. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts predict that AT&T Inc. will post $2.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.26%. AT&T’s dividend payout ratio (DPR) is presently 81.70%.

Several equities research analysts have recently issued reports on the stock. Independent Research GmbH raised shares of AT&T from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday. Barclays PLC cut shares of AT&T from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $45.00 to $39.00 in a research report on Wednesday. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $46.00 price objective on shares of AT&T in a research report on Tuesday, October 25th. Wells Fargo & Co. reaffirmed an “overweight” rating on shares of AT&T in a research report on Monday, October 24th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $55.00 price objective on shares of AT&T in a research report on Monday, October 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and an average target price of $41.23.

In other news, Director Geoffrey Y. Yang acquired 27,129 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were acquired at an average price of $36.91 per share, with a total value of $1,001,331.39. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

AT&T Company Profile

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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