AT&T Inc. (NYSE:T).
Gateway Investment Advisers LLC reports that it bought 53,152 shares in the previous quarter increasing its stake in AT&T Inc. (T) by 1.6%. Its stake was valued at $126,489,000 a decrease of 7.7% according to the filing.
The following firms have also recently changed their position in T. Pennsylvania Trust Co augmented its investment by buying 65,351 shares an increase of 22.5%. Pennsylvania Trust Co controls 355,646 shares valued at $13,424,000. The value of the position overall is up by 11.3%. As of the end of the quarter Kempner Capital Management Inc. had acquired a total of 2,214 shares growing its position 1.6%. The value of the investment in (T) went from $5,672,000 to $5,234,000 a change of $438,000 quarter to quarter.
Narwhal Capital Management expanded its holdings by buying 31,097 shares an increase of 89.3% as of 06/30/2017. Narwhal Capital Management now controls 65,937 shares with a value of $2,488,000. The total value of its holdings increased 71.8%.
On December 12 the company was upgraded to “Outperform” from “” and a price target of $44.00 was set in a report issued by Baird. On November 8 the stock rating was downgraded from “Outperform” to “Perform” by Oppenheimer.
On October 26 the stock rating was downgraded from “Overweight” to “Hold” with a current price target of $39.00 in an announcement from Barclays. Barclays lowered the price target and downgraded the stock on October 26 changing the price objective from $45.00 to $39.00 and moving the rating from “Overweight” to “Hold”.
On October 25 the company was upgraded from “” to “Hold” with a current price target of $39.00 in a statement from Independent Research. On October 24 the stock rating was downgraded to “Hold” from “Buy” by analysts at Drexel Hamilton.
The company is now up from yesterday’s close of $36.595. The company announced a dividend for shareholders which will be paid on Tuesday the 1st of August 2017. The dividend payment will be $0.490 per share for the quarter which is $1.96 annualized. This dividend represents a yeild of $5.30 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Thursday the 6th of April 2017.
Company shares last traded at $36.80 which is just a bit below the 50 day moving average of $38.41 and just a bit lower than the 200 day moving average of $40.54. The 50 day moving average was down $-1.61 and the 200 day average went down $-3.74 or -9.21%.
The P/E ratio is 18.00 and the market value is 226.25B. As of the last earnings report the EPS was $2.05 and is estimated to be $2.90 for the current year with 6,148,000,000 shares presently outstanding. Next quarter’s EPS is expected be $0.75 and the next full year EPS is projected to be $2.96.