Today: The TIAA CREF Trust Co. FSB MO Cuts Stake in AT&T Inc. (T)

The TIAA CREF Trust Co. FSB MO Cuts Stake in AT&T Inc. (T)

TIAA CREF Trust Co. FSB MO decreased its position in AT&T Inc. (NYSE:T) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,897 shares of the company’s stock after selling 22,079 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in AT&T were worth $14,903,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its position in shares of AT&T by 0.4% in the first quarter. North Star Investment Management Corp. now owns 111,081 shares of the company’s stock valued at $4,351,000 after buying an additional 389 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of AT&T by 1.1% in the first quarter. Delta Asset Management LLC TN now owns 116,602 shares of the company’s stock valued at $4,567,000 after buying an additional 1,243 shares in the last quarter. Douglas Lane & Associates LLC bought a new position in shares of AT&T during the first quarter valued at approximately $1,767,000. Bellecapital International Ltd. raised its position in shares of AT&T by 119.1% in the first quarter. Bellecapital International Ltd. now owns 26,758 shares of the company’s stock valued at $1,001,000 after buying an additional 14,545 shares in the last quarter. Finally, Forte Capital LLC ADV raised its position 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 valued at $1,412,000 after buying an additional 1,649 shares in the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.

AT&T Inc. (NYSE:T) traded down 0.38% during mid-day trading on Friday, reaching $39.22. The company’s stock had a trading volume of 13,516,996 shares. The firm has a 50-day moving average of $40.33 and a 200 day moving average of $40.51. The firm has a market capitalization of $241.28 billion, a price-to-earnings ratio of 16.91 and a beta of 0.30. AT&T Inc. has a 1-year low of $32.22 and a 1-year high of $43.89.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.90%. AT&T’s payout ratio is 83.12%.

Several equities analysts have commented on T shares. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Jefferies Group reiterated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research note on Thursday, September 15th. Barclays PLC reiterated a “buy” rating and issued a $45.00 price target on shares of AT&T in a research note on Monday, September 26th. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $40.78 price target on the stock. in a research note on Wednesday. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of AT&T in a research note on Thursday, October 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and a consensus price target of $41.86.

In other news, CEO John T. Stankey sold 2,131 shares of the 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 transaction, 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 document filed with the SEC, which is available at the SEC website. 0.07% of the stock is owned by 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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