Howland Capital Management LLC Buys 2,580 Shares of AT&T Inc. (NYSE:T)
Howland Capital Management LLC raised its position in shares of AT&T Inc. (NYSE:T) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,730 shares of the technology company’s stock after acquiring an additional 2,580 shares during the period. Howland Capital Management LLC’s holdings in AT&T were worth $1,115,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Guardian Investment Management increased its holdings in shares of AT&T by 8.4% during the second quarter. Guardian Investment Management now owns 143,209 shares of the technology company’s stock valued at $4,598,000 after acquiring an additional 11,054 shares in the last quarter. Ironsides Asset Advisors LLC increased its holdings in AT&T by 450.8% in the 2nd quarter. Ironsides Asset Advisors LLC now owns 54,043 shares of the technology company’s stock worth $1,735,000 after buying an additional 44,231 shares during the period. Argus Investors Counsel Inc. acquired a new position in AT&T in the 2nd quarter worth approximately $932,000. Rowland & Co. Investment Counsel ADV increased its holdings in AT&T by 1.6% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 131,746 shares of the technology company’s stock worth $4,226,000 after buying an additional 2,131 shares during the period. Finally, TRUE Private Wealth Advisors increased its holdings in AT&T by 30.3% in the 2nd quarter. TRUE Private Wealth Advisors now owns 52,786 shares of the technology company’s stock worth $1,694,000 after buying an additional 12,275 shares during the period. Institutional investors and hedge funds own 64.63% of the company’s stock.
A number of brokerages have recently commented on T. Deutsche Bank raised their price objective on shares of AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 24th. Zacks Investment Research cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Barclays set a $33.00 target price on AT&T and gave the company a “hold” rating in a research report on Wednesday. UBS Group upgraded AT&T from a “neutral” rating to a “buy” rating and increased their target price for the company from $33.00 to $38.00 in a research report on Friday, September 21st. They noted that the move was a valuation call. Finally, ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.82.
NYSE T traded up $0.50 on Friday, reaching $32.25. The stock had a trading volume of 42,860,346 shares, compared to its average volume of 34,498,637. The stock has a market cap of $206.15 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.67 and a beta of 0.39. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. AT&T Inc. has a 12-month low of $30.13 and a 12-month high of $39.33.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. AT&T had a return on equity of 13.64% and a net margin of 20.12%. The business had revenue of $38.99 billion for the quarter, compared to analyst estimates of $38.45 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 3.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Wednesday, October 10th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 9th. This represents a $2.00 annualized dividend and a yield of 6.20%. AT&T’s dividend payout ratio (DPR) is presently 65.57%.
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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