Ferguson Wellman Capital Management Inc. raised its stake in AT&T Inc. (NYSE:T) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 354,407 shares of the technology company’s stock after buying an additional 9,667 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in AT&T were worth $14,725,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Elgethun Capital Management purchased a new stake in AT&T during the fourth quarter worth $100,000. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter worth $104,000. Empirical Finance LLC purchased a new stake in AT&T during the fourth quarter worth $116,000. Asset Planning Services Ltd. boosted its stake in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares in the last quarter. Finally, New Capital Management LP purchased a new stake in AT&T during the fourth quarter worth $176,000. Institutional investors own 55.36% of the company’s stock.
AT&T Inc. (NYSE T) opened at 36.98 on Monday. The stock has a market capitalization of $227.35 billion, a price-to-earnings ratio of 18.08 and a beta of 0.47. AT&T Inc. has a 12 month low of $36.10 and a 12 month high of $43.50. The company has a 50 day moving average price of $38.41 and a 200 day moving average price of $40.54.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The business had revenue of $39.40 billion for the quarter, compared to analysts’ expectations of $40.50 billion. During the same period in the previous year, the company posted $0.72 EPS. AT&T’s revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that AT&T Inc. will post $2.90 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Thursday, July 6th. AT&T’s dividend payout ratio is currently 96.08%.
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T has been the topic of a number of research reports. Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a report on Tuesday, April 11th. Tigress Financial upgraded AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a report on Wednesday, April 19th. Deutsche Bank AG restated a “hold” rating and issued a $41.00 price target (down previously from $42.00) on shares of AT&T in a report on Saturday, April 29th. Finally, Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.93 price target on the stock in a report on Wednesday, May 24th. Eighteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. AT&T currently has an average rating of “Hold” and a consensus price target of $44.23.
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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