Woodstock Corp lowered its position in shares of AT&T Inc. (NYSE:T) by 3.3% in the third quarter, Holdings Channel reports. The institutional investor owned 43,595 shares of the technology company’s stock after selling 1,470 shares during the period. Woodstock Corp’s holdings in AT&T were worth $1,650,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in T. Horan Securities Inc. grew its stake in shares of AT&T by 439.2% during the 2nd quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock worth $34,000 after purchasing an additional 830 shares during the period. Next Capital Management LLC acquired a new position in shares of AT&T during the 2nd quarter worth $39,000. Contravisory Investment Management Inc. grew its stake in shares of AT&T by 36.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock worth $43,000 after purchasing an additional 338 shares during the period. West Oak Capital LLC grew its stake in shares of AT&T by 33.3% during the 3rd quarter. West Oak Capital LLC now owns 1,600 shares of the technology company’s stock worth $61,000 after purchasing an additional 400 shares during the period. Finally, Smart Portfolios LLC grew its stake in shares of AT&T by 44.8% during the 4th quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Institutional investors own 53.02% of the company’s stock.
In other AT&T news, CEO John T. Stankey sold 4,024 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $34.15, for a total transaction of $137,419.60. Following the sale, the chief executive officer now directly owns 2,366 shares of the company’s stock, valued at approximately $80,798.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.
NYSE T traded up $0.02 during trading hours on Thursday, reaching $37.10. The company’s stock had a trading volume of 14,779,377 shares, compared to its average volume of 38,664,228. The stock has a market cap of $270.83 billion, a PE ratio of 10.54, a PEG ratio of 2.38 and a beta of 0.63. AT&T Inc. has a fifty-two week low of $26.80 and a fifty-two week high of $38.75. The company’s 50-day moving average is $36.25 and its two-hundred day moving average is $33.27. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.89. AT&T had a net margin of 9.47% and a return on equity of 13.38%. The company had revenue of $44.96 billion for the quarter, compared to analysts’ expectations of $44.97 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 3.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.50%. AT&T’s dividend payout ratio is currently 57.95%.
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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