Campbell Wealth Management reduced its stake in AT&T Inc. (NYSE:T) by 5.1% in the fourth quarter, HoldingsChannel reports. The fund owned 14,473 shares of the technology company’s stock after selling 770 shares during the quarter. AT&T makes up 0.1% of Campbell Wealth Management’s holdings, making the stock its 26th largest holding. Campbell Wealth Management’s holdings in AT&T were worth $566,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its stake in AT&T by 1,723.1% during the second quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock valued at $1,543,169,000 after purchasing an additional 43,525,113 shares during the last quarter. Morgan Stanley lifted its position in shares of AT&T by 11.2% in the 2nd quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock valued at $1,979,052,000 after acquiring an additional 5,931,167 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of AT&T by 18.1% in the 3rd quarter. California Public Employees Retirement System now owns 28,020,401 shares of the technology company’s stock valued at $1,060,292,000 after acquiring an additional 4,292,231 shares in the last quarter. State of Tennessee Treasury Department lifted its position in shares of AT&T by 63.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 5,692,964 shares of the technology company’s stock valued at $215,422,000 after acquiring an additional 2,220,433 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of AT&T by 82.8% in the 3rd quarter. Comerica Bank now owns 3,762,792 shares of the technology company’s stock valued at $138,546,000 after acquiring an additional 1,704,159 shares in the last quarter. 53.60% of the stock is owned by institutional investors.
Shares of T opened at $37.87 on Thursday. The company’s fifty day moving average is $38.53 and its 200-day moving average is $36.76. AT&T Inc. has a 12 month low of $28.92 and a 12 month high of $39.70. The firm has a market cap of $276.75 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.79.
AT&T (NYSE:T) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The business had revenue of $44.59 billion during the quarter, compared to the consensus estimate of $45.45 billion. AT&T had a net margin of 8.97% and a return on equity of 13.42%. AT&T’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. As a group, research analysts predict that AT&T Inc. will post 3.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 5.49%. AT&T’s dividend payout ratio is 59.09%.
Several equities research analysts recently commented on the stock. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Thursday, November 14th. SunTrust Banks upped their price target on shares of AT&T to $36.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. DZ Bank restated a “hold” rating and issued a $38.00 price target on shares of AT&T in a research report on Wednesday, September 18th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Standpoint Research downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.22.
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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