AT&T Inc. (T) Holdings Raised by Forte Capital LLC ADV
Forte Capital LLC ADV grew its stake in AT&T Inc. (NYSE:T) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,931 shares of the technology company’s stock after buying an additional 2,961 shares during the period. Forte Capital LLC ADV’s holdings in AT&T were worth $1,846,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of T. National Pension Service increased its stake in shares of AT&T by 10.1% in the second quarter. National Pension Service now owns 4,684,417 shares of the technology company’s stock worth $176,228,000 after acquiring an additional 431,148 shares during the period. State of Alaska Department of Revenue increased its stake in shares of AT&T by 3.1% in the second quarter. State of Alaska Department of Revenue now owns 125,054 shares of the technology company’s stock worth $4,717,000 after acquiring an additional 3,790 shares during the period. Fisher Asset Management LLC increased its stake in shares of AT&T by 11.0% in the second quarter. Fisher Asset Management LLC now owns 55,783 shares of the technology company’s stock worth $2,105,000 after acquiring an additional 5,549 shares during the period. Peak Capital Management LLC acquired a new stake in shares of AT&T in the second quarter worth $233,000. Finally, Trust Co. of Toledo NA OH increased its stake in shares of AT&T by 21.4% in the second quarter. Trust Co. of Toledo NA OH now owns 96,352 shares of the technology company’s stock worth $3,635,000 after acquiring an additional 16,999 shares during the period. 54.98% of the stock is owned by institutional investors and hedge funds.
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Shares of AT&T Inc. (T) traded down 0.45% during mid-day trading on Friday, hitting $35.70. 56,085,354 shares of the stock traded hands. The stock has a market cap of $219.20 billion, a PE ratio of 16.78 and a beta of 0.49. AT&T Inc. has a one year low of $35.10 and a one year high of $43.03. The stock has a 50-day moving average of $37.76 and a 200 day moving average of $38.40.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post $2.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Friday, October 6th. AT&T’s dividend payout ratio is currently 92.45%.
A number of research firms have recently weighed in on T. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price objective on the stock in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday. Cowen and Company restated a “market perform” rating and set a $41.00 price target (down previously from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Morgan Stanley raised their price target on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 27th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and nine have issued a buy rating to the company. AT&T has a consensus rating of “Hold” and an average price target of $43.53.
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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