The Paragon Capital Management Ltd invests in AT&T Inc. (T) Shares

The Paragon Capital Management Ltd invests in AT&T Inc. (T) Shares

Paragon Capital Management Ltd boosted its stake in shares of AT&T Inc. (NYSE:T) by 4.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,500 shares of the company’s stock after buying an additional 337 shares during the period. Paragon Capital Management Ltd’s holdings in AT&T were worth $324,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. raised its stake in AT&T by 10.7% in the first quarter. Sumitomo Life Insurance Co. now owns 298,439 shares of the company’s stock valued at $11,690,000 after buying an additional 28,762 shares during the period. Chesley Taft & Associates LLC raised its stake in AT&T by 11.5% in the first quarter. Chesley Taft & Associates LLC now owns 90,678 shares of the company’s stock valued at $3,552,000 after buying an additional 9,343 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of AT&T by 3.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 61,028 shares of the company’s stock worth $2,390,000 after buying an additional 1,973 shares during the last quarter. Acropolis Investment Management LLC raised its stake in shares of AT&T by 8.3% in the first quarter. Acropolis Investment Management LLC now owns 12,365 shares of the company’s stock worth $428,000 after buying an additional 945 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake 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 worth $4,351,000 after buying an additional 389 shares during the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AT&T Inc. (NYSE:T) traded up 0.13% during trading on Monday, reaching $39.27. 13,885,020 shares of the company traded hands. The firm’s 50 day moving average price is $40.29 and its 200-day moving average price is $40.53. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The company has a market capitalization of $241.59 billion, a price-to-earnings ratio of 16.93 and a beta of 0.30.

AT&T (NYSE:T) last posted its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting 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%. Equities analysts anticipate that AT&T Inc. will post $2.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.89%. AT&T’s dividend payout ratio is currently 83.12%.

T has been the subject of a number of analyst reports. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target for the company. in a research note on Tuesday, June 21st. Buckingham Research lowered AT&T from a “buy” rating to a “neutral” rating and increased their price target for the stock from $30.97 to $39.56 in a research note on Friday, June 24th. They noted that the move was a valuation call. Barclays PLC initiated coverage on AT&T in a research note on Monday, June 27th. They issued a “buy” rating for the company. Robert W. Baird reiterated a “neutral” rating and issued a $41.00 price target on shares of AT&T in a research note on Tuesday, June 28th. Finally, Deutsche Bank AG increased their price target on AT&T from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.86.

In other news, CEO John T. Stankey sold 2,131 shares of the company’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 value of $92,442.78. Following 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 document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.

About AT&T

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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