TradeLink Capital LLC Invests $667,000 in AT&T Inc. (NYSE:T)
TradeLink Capital LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,080 shares of the technology company’s stock, valued at approximately $667,000. AT&T accounts for about 2.8% of TradeLink Capital LLC’s investment portfolio, making the stock its 9th largest holding.
Several other institutional investors also recently made changes to their positions in T. Cubist Systematic Strategies LLC raised its holdings in shares of AT&T by 417.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 19,992 shares of the technology company’s stock worth $781,000 after buying an additional 16,125 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of AT&T by 17.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 12,231 shares of the technology company’s stock worth $356,000 after purchasing an additional 1,800 shares during the last quarter. Stillwater Investment Management LLC boosted its position in shares of AT&T by 11.1% in the 1st quarter. Stillwater Investment Management LLC now owns 11,848 shares of the technology company’s stock worth $345,000 after purchasing an additional 1,186 shares during the last quarter. IMS Capital Management boosted its position in shares of AT&T by 65.6% in the 1st quarter. IMS Capital Management now owns 31,122 shares of the technology company’s stock worth $907,000 after purchasing an additional 12,326 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC boosted its position in shares of AT&T by 55.6% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 18,674 shares of the technology company’s stock worth $544,000 after purchasing an additional 6,670 shares during the last quarter. 53.74% of the stock is currently owned by institutional investors.
In other news, Director Stephen J. Luczo acquired 100,000 shares of AT&T stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of $29.69 per share, for a total transaction of $2,969,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.
NYSE T traded up $0.01 during trading on Friday, reaching $29.58. 38,694,208 shares of the company’s stock were exchanged, compared to its average volume of 32,539,284. The business has a 50 day moving average price of $30.01 and a 200-day moving average price of $32.47. The stock has a market capitalization of $212.40 billion, a P/E ratio of 18.15, a PEG ratio of 1.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $39.70.
AT&T (NYSE:T) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $40.95 billion for the quarter, compared to the consensus estimate of $40.87 billion. AT&T had a return on equity of 13.03% and a net margin of 6.84%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, analysts forecast that AT&T Inc. will post 3.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Thursday, July 9th. AT&T’s dividend payout ratio is presently 58.26%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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