Kanawha Capital Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,473 shares of the technology company’s stock after acquiring an additional 5,787 shares during the period. Kanawha Capital Management LLC’s holdings in AT&T were worth $6,922,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Ullmann Financial Group Inc. bought a new stake in shares of AT&T in the first quarter worth about $101,000. Taylor Wealth Management Partners increased its holdings 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 purchasing an additional 11 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of AT&T in the first quarter worth about $109,000. Sterling Investment Advisors Ltd. increased its holdings in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Sharkey Howes & Javer increased its holdings in shares of AT&T by 9.0% in the second quarter. Sharkey Howes & Javer now owns 5,166 shares of the technology company’s stock worth $195,000 after purchasing an additional 428 shares during the last quarter. Institutional investors and hedge funds own 55.04% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up $0.22 during midday trading on Friday, hitting $34.22. The company had a trading volume of 57,476,500 shares, compared to its average volume of 48,386,756. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $210,076.59, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $43.03.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. equities research analysts anticipate that AT&T Inc. will post 2.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.73%. AT&T’s payout ratio is 94.69%.
In other news, Director Matthew K. Rose purchased 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.
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Several equities research analysts have recently issued reports on T shares. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $36.00 target price on shares of AT&T in a report on Friday, October 27th. Standpoint Research started coverage on AT&T in a report on Wednesday. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 11th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price on the stock in a report on Monday, October 16th. Finally, Macquarie reaffirmed a “buy” rating and issued a $43.00 target price on shares of AT&T in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $43.48.
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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