Security National Trust Co. boosted its stake in AT&T Inc. (NYSE:T) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 102,997 shares of the company’s stock after buying an additional 5,147 shares during the period. AT&T accounts for 1.6% of Security National Trust Co.’s investment portfolio, making the stock its 14th largest position. Security National Trust Co.’s holdings in AT&T were worth $4,449,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of T. WealthTrust Arizona LLC raised its position 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 in the last quarter. Invictus RG raised its position 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 in the last quarter. RPg Family Wealth Advisory LLC raised its position 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 in the last quarter. Continental Advisors LLC bought a new position in AT&T during the first quarter valued at about $200,000. Finally, Kelman Lazarov Inc. raised its position 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 in the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.
AT&T Inc. (NYSE:T) traded up 0.13% on Monday, hitting $39.27. The company’s stock had a trading volume of 13,885,020 shares. The stock has a market cap of $241.59 billion, a PE ratio of 16.93 and a beta of 0.30. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89. The firm has a 50 day moving average of $40.29 and a 200-day moving average of $40.53.
AT&T (NYSE:T) last issued its quarterly 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 earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts expect that AT&T Inc. will post $2.86 earnings per share for the current fiscal 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 paid 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 payout ratio is 83.12%.
Several research firms have issued reports on T. Barclays PLC reiterated a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective for the company. in a research note on Tuesday, June 21st. S&P Equity Research set a $46.00 price objective on AT&T and gave the stock a “buy” rating in a research note on Sunday, July 24th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Monday. Finally, FBR & Co increased their price objective on AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. AT&T currently has an average 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 dated 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 sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is owned by insiders.
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.