Athena Capital Advisors LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 41,102 shares of the company’s stock after selling 511 shares during the period. AT&T accounts for about 0.6% of Athena Capital Advisors LLC’s holdings, making the stock its 25th largest position. Athena Capital Advisors LLC’s holdings in AT&T were worth $1,776,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bollard Group LLC raised its position 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 position 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 position 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. Community Trust & Investment Co. raised its position in shares of AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock worth $22,307,000 after buying an additional 9,126 shares during the last quarter. Finally, Logan Capital Management Inc. raised its position in shares of AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock worth $28,851,000 after buying an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.13% during midday trading on Monday, reaching $39.27. 13,885,020 shares of the company traded hands. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89. The company’s 50-day moving average price is $40.29 and its 200 day moving average price is $40.53. The firm has a market capitalization of $241.59 billion, a PE ratio of 16.93 and a beta of 0.30.
AT&T (NYSE:T) last issued its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. On average, equities analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be given 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 dividend yield of 4.89%. AT&T’s payout ratio is currently 83.12%.
A number of brokerages have issued reports on T. 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, October 12th. S&P Equity Research set a $46.00 price target on shares of AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. Wells Fargo & Co. restated a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Barclays PLC upped their price target on shares of AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Finally, Jefferies Group restated a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. AT&T has an average rating of “Hold” and a consensus target price of $41.86.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.