Isthmus Partners LLC boosted its holdings in AT&T Inc. (NYSE:T) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 281,273 shares of the technology company’s stock after purchasing an additional 3,122 shares during the quarter. Isthmus Partners LLC’s holdings in AT&T were worth $8,095,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of AT&T by 119.8% during the 1st quarter. Franklin Resources Inc. now owns 27,173,122 shares of the technology company’s stock valued at $822,532,000 after acquiring an additional 14,811,593 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of AT&T by 536.2% during the 1st quarter. Renaissance Technologies LLC now owns 12,841,586 shares of the technology company’s stock valued at $388,715,000 after acquiring an additional 10,823,100 shares during the last quarter. BlackRock Inc. boosted its position in shares of AT&T by 1.3% during the 1st quarter. BlackRock Inc. now owns 492,116,917 shares of the technology company’s stock valued at $14,896,379,000 after acquiring an additional 6,548,263 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of AT&T by 604.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,092,813 shares of the technology company’s stock valued at $184,429,000 after acquiring an additional 5,227,851 shares during the last quarter. Finally, Cullen Capital Management LLC boosted its position in shares of AT&T by 297.5% during the 1st quarter. Cullen Capital Management LLC now owns 5,367,698 shares of the technology company’s stock valued at $162,480,000 after acquiring an additional 4,017,363 shares during the last quarter. Institutional investors and hedge funds own 51.61% of the company’s stock.
T has been the subject of a number of research reports. Citigroup lowered their target price on AT&T from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, August 31st. Morgan Stanley lowered AT&T to an “equal weight” rating and set a $29.00 price target on the stock. in a report on Friday, July 16th. Redburn Partners began coverage on AT&T in a report on Friday, June 25th. They set a “sell” rating and a $23.00 price target on the stock. Scotiabank upgraded AT&T from a “sector underperform” rating to a “sector perform” rating and increased their price target for the company from $28.00 to $31.00 in a report on Wednesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $34.00 to $37.00 and gave the company a “buy” rating in a report on Monday, July 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Hold” and a consensus price target of $31.16.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 21st. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The firm had revenue of $44.05 billion for the quarter, compared to analyst estimates of $42.39 billion. AT&T had a positive return on equity of 12.78% and a negative net margin of 1.11%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, equities analysts expect that AT&T Inc. will post 3.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 2nd. Stockholders of record on Friday, July 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, July 8th. This represents a $2.08 annualized dividend and a dividend yield of 7.55%. AT&T’s dividend payout ratio is currently 65.41%.
AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.
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