Jupiter Asset Management Ltd. continued to hold its stake in shares of AT&T Inc. (NYSE:T) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 219,248 shares of the technology company’s stock at the end of the first quarter. Jupiter Asset Management Ltd.’s holdings in AT&T were worth $9,110,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Feltz Wealth PLAN Inc. purchased a new stake in shares of AT&T during the first quarter worth about $104,000. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Asset Planning Services Ltd. boosted its stake in shares of AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new stake in shares of AT&T during the fourth quarter worth about $196,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of AT&T during the first quarter worth about $214,000. Institutional investors and hedge funds own 55.28% of the company’s stock.
Shares of AT&T Inc. (T) opened at 38.52 on Tuesday. The company’s 50 day moving average price is $37.65 and its 200 day moving average price is $39.78. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.48. The firm has a market capitalization of $236.51 billion, a price-to-earnings ratio of 18.18 and a beta of 0.47.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.09%. AT&T’s dividend payout ratio is currently 92.45%.
A number of brokerages have recently issued reports on T. Deutsche Bank AG reiterated a “hold” rating and set a $41.00 target price (down previously from $42.00) on shares of AT&T in a report on Saturday, April 29th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 target price on AT&T and gave the stock a “hold” rating in a report on Saturday, May 20th. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.81 target price for the company in a report on Wednesday, June 21st. Finally, SunTrust Banks, Inc. started coverage on AT&T in a report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.40.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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