AT&T Inc. (NYSE:T) Shares Acquired by Heron Financial Group LLC

Share on StockTwits

Heron Financial Group LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 45.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,369 shares of the technology company’s stock after purchasing an additional 9,513 shares during the quarter. Heron Financial Group LLC’s holdings in AT&T were worth $871,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Newport Trust Co grew its stake in AT&T by 1.7% in the 2nd quarter. Newport Trust Co now owns 200,968,541 shares of the technology company’s stock valued at $6,075,279,000 after acquiring an additional 3,397,127 shares during the last quarter. Nordea Investment Management AB grew its stake in AT&T by 102.9% in the 2nd quarter. Nordea Investment Management AB now owns 50,589,222 shares of the technology company’s stock valued at $1,504,524,000 after acquiring an additional 25,658,276 shares during the last quarter. LSV Asset Management grew its stake in AT&T by 14.8% in the 2nd quarter. LSV Asset Management now owns 27,901,266 shares of the technology company’s stock valued at $843,455,000 after acquiring an additional 3,606,476 shares during the last quarter. California Public Employees Retirement System grew its stake in AT&T by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 27,351,579 shares of the technology company’s stock valued at $826,838,000 after acquiring an additional 107,834 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in AT&T by 0.9% in the 2nd quarter. Macquarie Group Ltd. now owns 21,778,950 shares of the technology company’s stock valued at $658,113,000 after acquiring an additional 199,575 shares during the last quarter. 52.29% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephen J. Luczo acquired 100,000 shares of the stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of $29.69 per share, with a total value of $2,969,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by company insiders.

Shares of NYSE:T opened at $27.33 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79. AT&T Inc. has a 52-week low of $26.08 and a 52-week high of $39.70. The company has a 50 day moving average of $28.84 and a two-hundred day moving average of $29.74. The company has a market capitalization of $194.73 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.69.

AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.04. AT&T had a net margin of 6.84% and a return on equity of 13.03%. The company had revenue of $40.95 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter last year, the company earned $0.89 earnings per share. AT&T’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post 3.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.61%. The ex-dividend date of this dividend is Thursday, October 8th. AT&T’s dividend payout ratio (DPR) is 58.26%.

A number of research firms have issued reports on T. Scotiabank lowered shares of AT&T from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the company from $34.00 to $30.00 in a report on Monday, August 31st. Oppenheimer restated a “buy” rating and issued a $38.00 target price on shares of AT&T in a report on Thursday, October 1st. Morgan Stanley reduced their target price on shares of AT&T from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Bank of America restated a “buy” rating and issued a $36.00 target price on shares of AT&T in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of AT&T from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average target price of $33.56.

AT&T Company Profile

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.

Featured Story: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mayfair Advisory Group LLC Takes Position in The Procter & Gamble Company
Mayfair Advisory Group LLC Takes Position in The Procter & Gamble Company
Krueger & Catalano Capital Partners LLC Trims Stock Holdings in The Procter & Gamble Company
Krueger & Catalano Capital Partners LLC Trims Stock Holdings in The Procter & Gamble Company
Landsberg Bennett & Dubbaneh LLC Decreases Stock Position in Ecolab Inc.
Landsberg Bennett & Dubbaneh LLC Decreases Stock Position in Ecolab Inc.
Steel Peak Wealth Management LLC Lowers Stock Holdings in iShares Floating Rate Bond ETF
Steel Peak Wealth Management LLC Lowers Stock Holdings in iShares Floating Rate Bond ETF
Nottingham Advisors Inc. Has $930.42 Million Holdings in iShares Core High Dividend ETF
Nottingham Advisors Inc. Has $930.42 Million Holdings in iShares Core High Dividend ETF
Foster Victor Wealth Advisors LLC Invests $4.30 Million in TE Connectivity Ltd.
Foster Victor Wealth Advisors LLC Invests $4.30 Million in TE Connectivity Ltd.


 
© 2006-2020 Zolmax.