Rothschild Investment Corp IL decreased its position in shares of AT&T Inc. (NYSE:T) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,109 shares of the technology company’s stock after selling 4,045 shares during the period. AT&T comprises 1.6% of Rothschild Investment Corp IL’s holdings, making the stock its 9th largest holding. Rothschild Investment Corp IL’s holdings in AT&T were worth $13,816,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC lifted its stake in AT&T by 6.2% in the 4th quarter. Segall Bryant & Hamill LLC now owns 181,580 shares of the technology company’s stock valued at $5,182,000 after purchasing an additional 10,580 shares during the last quarter. IHT Wealth Management LLC lifted its stake in AT&T by 1.5% in the 4th quarter. IHT Wealth Management LLC now owns 92,015 shares of the technology company’s stock valued at $2,626,000 after purchasing an additional 1,390 shares during the last quarter. RFG Advisory LLC lifted its stake in AT&T by 17.4% in the 4th quarter. RFG Advisory LLC now owns 84,155 shares of the technology company’s stock valued at $2,402,000 after purchasing an additional 12,468 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in AT&T by 7.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,117,886 shares of the technology company’s stock valued at $32,131,000 after purchasing an additional 75,701 shares during the last quarter. Finally, Howard Financial Services LTD. bought a new position in AT&T in the 4th quarter valued at approximately $287,000. Institutional investors and hedge funds own 53.02% of the company’s stock.
In related news, CEO John T. Stankey sold 4,024 shares of AT&T stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $34.15, for a total transaction of $137,419.60. Following the completion of the transaction, the chief executive officer now owns 2,366 shares of the company’s stock, valued at $80,798.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by company insiders.
T has been the subject of several analyst reports. DZ Bank reaffirmed a “hold” rating and set a $38.00 price target on shares of AT&T in a research note on Wednesday, September 18th. Bank of America reaffirmed a “buy” rating on shares of AT&T in a research note on Monday, September 9th. Morgan Stanley set a $37.00 price target on shares of AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. Barclays raised their price target on shares of AT&T from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. They noted that the move was a valuation call. Finally, Citigroup raised their price target on shares of AT&T from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $38.43.
T stock opened at $37.58 on Friday. The company has a fifty day moving average price of $36.72 and a 200-day moving average price of $33.57. The company has a market capitalization of $270.72 billion, a P/E ratio of 10.68, a PEG ratio of 2.33 and a beta of 0.63. AT&T Inc. has a 52-week low of $26.80 and a 52-week high of $38.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71.
AT&T (NYSE:T) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.89. AT&T had a net margin of 9.47% and a return on equity of 13.38%. The business had revenue of $44.96 billion during the quarter, compared to the consensus estimate of $44.97 billion. During the same quarter last year, the firm earned $0.91 earnings per share. AT&T’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts forecast that AT&T Inc. will post 3.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Wednesday, October 9th. AT&T’s dividend payout ratio is presently 57.95%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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