Plancorp LLC Sells 2,536 Shares of AT&T Inc. (T)
Plancorp LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,527 shares of the technology company’s stock after selling 2,536 shares during the period. AT&T accounts for about 0.6% of Plancorp LLC’s investment portfolio, making the stock its 26th largest position. Plancorp LLC’s holdings in AT&T were worth $2,096,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc grew its position in AT&T by 2.4% in the first quarter. Prospera Financial Services Inc now owns 159,772 shares of the technology company’s stock valued at $6,637,000 after acquiring an additional 3,714 shares in the last quarter. Visionary Asset Management Inc. boosted its holdings in AT&T by 4.2% in the first quarter. Visionary Asset Management Inc. now owns 76,749 shares of the technology company’s stock worth $3,189,000 after purchasing an additional 3,092 shares during the period. Parametrica Management Ltd bought a new stake in AT&T in the first quarter valued at $417,000. Winslow Evans & Crocker Inc. lifted its stake in AT&T by 8.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 67,916 shares of the technology company’s stock valued at $2,822,000 after buying an additional 5,268 shares during the last quarter. Finally, American National Bank lifted its stake in AT&T by 8.4% in the first quarter. American National Bank now owns 18,863 shares of the technology company’s stock valued at $784,000 after buying an additional 1,455 shares during the last quarter. Institutional investors own 54.98% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.45% on Friday, hitting $35.70. The stock had a trading volume of 56,085,354 shares. The stock’s 50-day moving average price is $37.76 and its 200 day moving average price is $38.40. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03. The company has a market cap of $219.20 billion, a PE ratio of 16.78 and a beta of 0.49.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. During the same period last year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post $2.94 EPS for the current year.
The business 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 dividend of $0.49 per share. The ex-dividend date is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.49%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
T has been the topic of a number of recent research reports. Barclays PLC cut their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, July 14th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective on the stock. in a research note on Tuesday, September 26th. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. Finally, Bank of America Corporation cut shares of AT&T from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $39.00 in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and nine have given a buy rating to the company. AT&T presently has an average rating of “Hold” and a consensus target price of $43.53.
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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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