CSM Advisors LLC Raises Stock Holdings in AT&T Inc. (NYSE:T)

CSM Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:TGet Rating) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 489,677 shares of the technology company’s stock after purchasing an additional 760 shares during the quarter. CSM Advisors LLC’s holdings in AT&T were worth $12,046,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Buckingham Strategic Wealth LLC increased its holdings in shares of AT&T by 17.4% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 193,300 shares of the technology company’s stock valued at $4,755,000 after purchasing an additional 28,581 shares during the last quarter. Alps Advisors Inc. increased its stake in AT&T by 18.7% during the fourth quarter. Alps Advisors Inc. now owns 1,073,942 shares of the technology company’s stock worth $26,419,000 after acquiring an additional 169,305 shares during the last quarter. Sittner & Nelson LLC increased its stake in AT&T by 14.5% during the fourth quarter. Sittner & Nelson LLC now owns 15,360 shares of the technology company’s stock worth $378,000 after acquiring an additional 1,951 shares during the last quarter. Empire Life Investments Inc. increased its stake in AT&T by 0.4% during the fourth quarter. Empire Life Investments Inc. now owns 1,199,843 shares of the technology company’s stock worth $29,516,000 after acquiring an additional 4,320 shares during the last quarter. Finally, Rocky Mountain Advisers LLC increased its stake in AT&T by 167.2% during the fourth quarter. Rocky Mountain Advisers LLC now owns 4,395 shares of the technology company’s stock worth $108,000 after acquiring an additional 2,750 shares during the last quarter. Institutional investors own 53.47% of the company’s stock.

T traded down $0.03 during trading on Thursday, reaching $19.92. The company’s stock had a trading volume of 2,168,288 shares, compared to its average volume of 62,885,472. The company’s fifty day moving average price is $22.09 and its 200-day moving average price is $23.82. The company has a market capitalization of $142.29 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 0.93. AT&T Inc. has a 52-week low of $16.62 and a 52-week high of $25.57.

AT&T (NYSE:TGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.61 by $0.16. AT&T had a return on equity of 13.19% and a net margin of 10.64%. The business had revenue of $38.10 billion for the quarter, compared to analyst estimates of $38.29 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The company’s quarterly revenue was down 13.2% on a year-over-year basis. Equities analysts predict that AT&T Inc. will post 2.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th were issued a $0.278 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $1.11 annualized dividend and a yield of 5.58%. AT&T’s dividend payout ratio (DPR) is presently 46.84%.

Several research analysts have recently commented on T shares. Cowen lowered their price target on AT&T from $33.00 to $29.00 and set a “market perform” rating for the company in a research report on Thursday, January 27th. Royal Bank of Canada lowered their price target on AT&T from $30.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, April 25th. Zacks Investment Research lowered AT&T from a “hold” rating to a “strong sell” rating and set a $17.00 price target for the company. in a research report on Thursday, April 21st. Wells Fargo & Company lowered their price target on AT&T from $26.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, April 14th. Finally, Moffett Nathanson initiated coverage on AT&T in a report on Tuesday, April 5th. They issued a $19.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Hold” and an average target price of $25.73.

AT&T Company Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

Institutional Ownership by Quarter for AT&T (NYSE:T)

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