AT&T Inc. (T) Position Boosted by State of Alaska Department of Revenue
State of Alaska Department of Revenue boosted its position in shares of AT&T Inc. (NYSE:T) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,054 shares of the technology company’s stock after acquiring an additional 3,790 shares during the period. State of Alaska Department of Revenue’s holdings in AT&T were worth $4,717,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Ullmann Financial Group Inc. purchased a new stake in shares of AT&T in the 1st quarter valued at about $101,000. Feltz Wealth PLAN Inc. bought a new stake in shares of AT&T during the 1st quarter valued at about $104,000. Taylor Wealth Management Partners boosted its position in shares of AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of AT&T during the 1st quarter valued at about $109,000. Finally, Sterling Investment Advisors Ltd. boosted its position in shares of AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares during the last quarter. 54.99% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE T) traded up 0.418% during mid-day trading on Wednesday, hitting $39.645. The stock had a trading volume of 9,438,863 shares. The stock has a market cap of $243.42 billion, a P/E ratio of 18.630 and a beta of 0.49. AT&T Inc. has a 52-week low of $35.10 and a 52-week high of $43.03. The company’s 50 day moving average is $37.72 and its 200-day moving average is $38.57.
AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. On average, equities research analysts anticipate that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 4.96%. AT&T’s dividend payout ratio is currently 92.45%.
T has been the subject of several recent analyst reports. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective for the company in a report on Wednesday, August 16th. Cowen and Company reaffirmed a “market perform” rating and issued a $41.00 target price (down from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Morgan Stanley raised their target price on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research report on Wednesday, June 28th. Finally, Macquarie reiterated a “buy” rating and set a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.87.
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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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