KLCM Advisors Inc. Purchases 25,135 Shares of AT&T Inc. (T)

KLCM Advisors Inc. lifted its position in shares of AT&T Inc. (NYSE:T) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,135 shares of the technology company’s stock after acquiring an additional 25,135 shares during the period. AT&T comprises approximately 4.8% of KLCM Advisors Inc.’s holdings, making the stock its 6th largest holding. KLCM Advisors Inc.’s holdings in AT&T were worth $18,082,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Guardian Investment Management grew its stake in AT&T by 8.4% during the 2nd quarter. Guardian Investment Management now owns 143,209 shares of the technology company’s stock worth $4,598,000 after buying an additional 11,054 shares during the last quarter. Ironsides Asset Advisors LLC grew its stake in shares of AT&T by 450.8% in the second quarter. Ironsides Asset Advisors LLC now owns 54,043 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 44,231 shares in the last quarter. Whittier Trust Co. grew its stake in shares of AT&T by 9.5% in the second quarter. Whittier Trust Co. now owns 462,757 shares of the technology company’s stock worth $14,859,000 after purchasing an additional 40,293 shares in the last quarter. BP PLC grew its stake in shares of AT&T by 30.5% in the second quarter. BP PLC now owns 914,826 shares of the technology company’s stock worth $29,375,000 after purchasing an additional 213,826 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of AT&T by 14.1% in the second quarter. AdvisorNet Financial Inc now owns 50,507 shares of the technology company’s stock worth $1,622,000 after purchasing an additional 6,247 shares in the last quarter. 63.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael B. Mccallister bought 4,000 shares of AT&T stock in a transaction dated Friday, October 26th. The stock was acquired at an average cost of $29.14 per share, with a total value of $116,560.00. Following the completion of the acquisition, the director now directly owns 7,361 shares in the company, valued at approximately $214,499.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Several research firms have recently issued reports on T. Bank of America set a $37.00 price target on AT&T and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Tigress Financial raised AT&T from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Barclays set a $33.00 price target on AT&T and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Robert W. Baird decreased their price target on AT&T from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Finally, Deutsche Bank increased their price target on AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus target price of $36.35.

Shares of T stock opened at $29.36 on Friday. AT&T Inc. has a fifty-two week low of $28.85 and a fifty-two week high of $39.33. The stock has a market cap of $182.76 billion, a P/E ratio of 9.63, a PEG ratio of 2.38 and a beta of 0.42. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 24th. The technology company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.04). AT&T had a net margin of 20.40% and a return on equity of 13.61%. The firm had revenue of $45.74 billion for the quarter, compared to the consensus estimate of $45.73 billion. During the same period in the prior year, the business earned $0.74 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts predict that AT&T Inc. will post 3.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Tuesday, October 9th. AT&T’s dividend payout ratio is 65.57%.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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