The Alexandria Capital LLC Boosts Stake in AT&T Inc. (T)

The Alexandria Capital LLC Boosts Stake in AT&T Inc. (T)

Alexandria Capital LLC raised its stake in AT&T Inc. (NYSE:T) by 24.3% during the second quarter, Holdings Channel reports. The firm owned 60,611 shares of the company’s stock after buying an additional 11,835 shares during the period. Alexandria Capital LLC’s holdings in AT&T were worth $2,619,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cornerstone Investment Partners LLC increased its stake in AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the last quarter. Cohen Lawrence B increased its stake in AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the last quarter. Nadler Financial Group Inc. increased its stake in AT&T by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 14,085 shares of the company’s stock valued at $609,000 after buying an additional 62 shares during the last quarter. Smith & Howard Wealth Management LLC increased its stake in AT&T by 0.8% in the first quarter. Smith & Howard Wealth Management LLC now owns 8,220 shares of the company’s stock valued at $322,000 after buying an additional 66 shares during the last quarter. Finally, Badgley Phelps & Bell Inc. increased its stake in AT&T by 0.4% in the first quarter. Badgley Phelps & Bell Inc. now owns 17,269 shares of the company’s stock valued at $676,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.

Shares of AT&T Inc. (NYSE:T) traded down 0.61% during mid-day trading on Friday, reaching $38.87. The company’s stock had a trading volume of 19,171,955 shares. The firm has a market cap of $239.13 billion, a price-to-earnings ratio of 16.76 and a beta of 0.30. The firm has a 50 day moving average price of $40.58 and a 200 day moving average price of $40.51. AT&T Inc. has a 52-week low of $32.22 and a 52-week high of $43.89.

AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The firm earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities analysts predict that AT&T Inc. will post $2.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders 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 dividend on an annualized basis and a yield of 4.94%. AT&T’s dividend payout ratio is 83.12%.

Several equities analysts have weighed in on T shares. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, June 29th. Deutsche Bank AG lifted their target price on AT&T from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 28th. Barclays PLC started coverage on AT&T in a research note on Monday, June 27th. They set a “buy” rating on the stock. Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of AT&T in a research note on Thursday, July 21st. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. AT&T currently has an average rating of “Hold” and a consensus target price of $41.57.

In other news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by company 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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