AT&T Inc. (NYSE:T).
Gateway Investment Advisers LLC says it bought 53,152 shares in the previous quarter increasing its holdings in AT&T Inc. by 1.6%. Its investment was worth $126,489,000 a decrease of $10,598,000 as of the end of the quarter.
These firms have also modified their investment in T. As of quarter end Pennsylvania Trust Co had bought 65,351 shares growing its position 22.5%. The value in dollars increased from $12,062,000 to $13,424,000 increasing 11.3% quarter over quarter. Kempner Capital Management Inc. grew its investment by buying 2,214 shares an increase of 1.6% as of 06/30/2017. Kempner Capital Management Inc. claims 138,713 shares valued at $5,234,000. The value of the position overall is down by 7.7%.
Narwhal Capital Management augmented its holdings by buying 31,097 shares an increase of 89.3%. Narwhal Capital Management controls 65,937 shares worth $2,488,000. The total value of its holdings increased 71.8%.
On December 12 the company was upgraded from “” to “Outperform” and a price target of $44.00 was set by Baird. On November 8 the stock rating was downgraded to “Perform” from “Outperform” in a report from Oppenheimer.
On October 26 the company 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 cutting the price target from $45.00 to $39.00 and moving the rating from “Overweight” to “Hold”.
On October 25 the stock rating was upgraded from “” to “Hold” and a price target of $39.00 was set in a report issued by Independent Research. On October 24 the company was rated “Hold” according to a Drexel Hamilton report down from the previous “Buy” rating.
In the market the company is trading up by 0.56 percent from yesterday’s close. AT&T Inc. also recently announced a dividend for shareholders to be paid on Tuesday the 1st of August 2017. The dividend payment will be $0.490 per share for the quarter or $1.96 on an annualized basis. The dividend yield will be $5.30. The ex-dividend date will be on Thursday April 6th, 2017.
The stock last traded at $36.80 which is slightly below the 50 day moving average of $38.41 and which is just a bit below the 200 day moving average of $40.54. The 50 day moving average was down by -4.1869% whereas the 200 day moving average was down $-3.74 or -9.2149%.
AT&T Inc.’s P/E ratio is 17.9951 and market capitalization is 226.25B. As of the last earnings report the EPS was $2.05 and is expected to be $2.90 for the current year with 6,148,000,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.75 and the next full year EPS is anticipated to be $2.96.