M Holdings Securities Inc. Has $1.40 Million Position in AT&T Inc. (T)
M Holdings Securities Inc. cut its position in shares of AT&T Inc. (NYSE:T) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,608 shares of the technology company’s stock after selling 892 shares during the period. M Holdings Securities Inc.’s holdings in AT&T were worth $1,396,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of T. Taylor Wealth Management Partners boosted its stake 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 buying an additional 11 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares in the last quarter. Cedar Wealth Management LLC boosted its stake in AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after buying an additional 50 shares in the last quarter. Lathrop Investment Management Corp boosted its stake in AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock valued at $1,037,000 after buying an additional 73 shares in the last quarter. Finally, Gillespie Robinson & Grimm Inc. boosted its stake in AT&T by 1.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock valued at $331,000 after buying an additional 100 shares in the last quarter. 55.24% of the stock is owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (T) traded up 0.7751% during trading on Tuesday, hitting $37.8713. 5,148,362 shares of the stock traded hands. The firm has a market capitalization of $232.53 billion, a price-to-earnings ratio of 17.7967 and a beta of 0.47. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.03. The firm has a 50-day moving average of $37.58 and a 200-day moving average of $39.45.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $39.84 billion during 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 business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, equities analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio is currently 92.45%.
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T has been the topic of several analyst reports. Macquarie restated a “buy” rating and issued a $45.00 target price (down from $46.00) on shares of AT&T in a research report on Wednesday, April 26th. Deutsche Bank AG restated a “hold” rating and issued a $41.00 target price (down from $42.00) on shares of AT&T in a research report on Saturday, April 29th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $41.00 price target on shares of AT&T in a research report on Saturday, April 29th. Tigress Financial upgraded AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Finally, Vetr cut AT&T from a “buy” rating to a “hold” rating and set a $39.55 price target on the stock. in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.50.
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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