Jacobs & Co. CA Increases Stock Position in AT&T Inc. (NYSE:T)


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Jacobs & Co. CA increased its holdings in AT&T Inc. (NYSE:T) by 5.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 337,598 shares of the technology company’s stock after acquiring an additional 18,557 shares during the quarter. Jacobs & Co. CA’s holdings in AT&T were worth $10,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of T. Arrowstreet Capital Limited Partnership boosted its holdings in shares of AT&T by 413.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 37,300 shares of the technology company’s stock worth $1,063,000 after buying an additional 30,029 shares during the last quarter. Wealth Alliance raised its stake in AT&T by 4.5% during the 3rd quarter. Wealth Alliance now owns 62,792 shares of the technology company’s stock worth $1,790,000 after acquiring an additional 2,699 shares during the period. OLD Mission Capital LLC bought a new stake in AT&T during the 3rd quarter worth approximately $453,000. Stumpf Capital Management LLC raised its stake in AT&T by 194.7% during the 3rd quarter. Stumpf Capital Management LLC now owns 305,995 shares of the technology company’s stock worth $8,724,000 after acquiring an additional 202,151 shares during the period. Finally, Cribstone Capital Management LLC raised its stake in AT&T by 4.9% during the 3rd quarter. Cribstone Capital Management LLC now owns 49,098 shares of the technology company’s stock worth $1,400,000 after acquiring an additional 2,304 shares during the period. 51.17% of the stock is currently owned by institutional investors.

Shares of T stock traded down $0.77 on Thursday, reaching $30.16. The company’s stock had a trading volume of 573,564 shares, compared to its average volume of 44,308,855. The stock’s fifty day simple moving average is $29.64 and its 200-day simple moving average is $28.91. AT&T Inc. has a 1 year low of $26.35 and a 1 year high of $33.24. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $215.09 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70.

AT&T (NYSE:T) last posted its earnings results on Tuesday, January 26th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The firm had revenue of $45.70 billion during the quarter, compared to analyst estimates of $44.58 billion. During the same period last year, the firm posted $0.89 earnings per share. AT&T’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 3.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Investors of record on Friday, April 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Thursday, April 8th. AT&T’s dividend payout ratio (DPR) is presently 58.26%.

A number of equities research analysts have commented on the stock. CIBC restated a “buy” rating on shares of AT&T in a research note on Wednesday, February 10th. Oppenheimer restated a “market perform” rating on shares of AT&T in a research note on Wednesday, March 3rd. Credit Suisse Group decreased their target price on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 19th. Morgan Stanley cut shares of AT&T from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $36.00 to $34.00 in a research note on Thursday, December 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of AT&T from $36.00 to $31.00 in a research report on Monday, February 8th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. AT&T has a consensus rating of “Hold” and an average target price of $31.47.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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

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