SPC Financial Inc. reduced its stake in AT&T Inc. (NYSE:T) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,818 shares of the company’s stock after selling 393 shares during the period. AT&T accounts for approximately 1.4% of SPC Financial Inc.’s portfolio, making the stock its 24th largest position. SPC Financial Inc.’s holdings in AT&T were worth $3,838,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. WealthTrust Arizona LLC boosted its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the last quarter. Invictus RG boosted its stake in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its stake in AT&T by 61.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 4,398 shares of the company’s stock valued at $172,000 after buying an additional 1,666 shares during the last quarter. Continental Advisors LLC purchased a new stake in AT&T during the first quarter valued at about $200,000. Finally, Kelman Lazarov Inc. boosted its stake in AT&T by 29.3% in the second quarter. Kelman Lazarov Inc. now owns 5,346 shares of the company’s stock valued at $232,000 after buying an additional 1,211 shares during the last quarter. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE:T) traded down 0.38% during trading on Friday, reaching $39.22. 13,516,996 shares of the company’s stock were exchanged. The stock has a market capitalization of $241.28 billion, a PE ratio of 16.91 and a beta of 0.30. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The company’s 50-day moving average is $40.33 and its 200 day moving average is $40.51.
AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. On average, analysts forecast that AT&T Inc. will post $2.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders 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 4.90%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is currently 83.12%.
T has been the subject of several recent analyst reports. Robert W. Baird restated a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research report on Tuesday, June 28th. Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price target on shares of AT&T in a research report on Tuesday. Citigroup Inc. cut shares of AT&T from a “buy” rating to a “neutral” rating and lifted their price target for the company from $42.00 to $46.00 in a research report on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, FBR & Co lifted their price target on shares of AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. AT&T currently has an average rating of “Hold” and a consensus target price of $41.86.
In other news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.
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.