First National Bank Sioux Falls boosted its stake in AT&T Inc. (NYSE:T) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,227 shares of the technology company’s stock after buying an additional 2,049 shares during the period. AT&T accounts for approximately 1.9% of First National Bank Sioux Falls’ investment portfolio, making the stock its 18th largest holding. First National Bank Sioux Falls’ holdings in AT&T were worth $492,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of T. Chessman Wealth Strategies RIA acquired a new position in shares of AT&T during the third quarter valued at $114,000. Stelac Advisory Services LLC acquired a new position in AT&T during the third quarter worth about $121,000. Advocacy Wealth Management Services LLC grew its holdings in AT&T by 10.6% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 5,200 shares of the technology company’s stock worth $148,000 after acquiring an additional 500 shares during the period. Hoertkorn Richard Charles grew its holdings in AT&T by 66.7% during the third quarter. Hoertkorn Richard Charles now owns 5,000 shares of the technology company’s stock worth $168,000 after acquiring an additional 2,000 shares during the period. Finally, Lenox Wealth Management Inc. grew its holdings in AT&T by 184.6% during the third quarter. Lenox Wealth Management Inc. now owns 5,769 shares of the technology company’s stock worth $194,000 after acquiring an additional 3,742 shares during the period. 64.59% of the stock is currently owned by hedge funds and other institutional investors.
In other AT&T news, CEO John T. Stankey sold 3,748 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.
Shares of NYSE:T traded down $0.18 during midday trading on Monday, reaching $32.02. The company had a trading volume of 18,778,652 shares, compared to its average volume of 31,518,027. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. AT&T Inc. has a 1-year low of $26.80 and a 1-year high of $35.82. The firm has a market capitalization of $197.68 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business had revenue of $47.99 billion during the quarter, compared to analyst estimates of $48.50 billion. During the same quarter last year, the company posted $0.78 EPS. AT&T’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts predict that AT&T Inc. will post 3.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.37%. AT&T’s payout ratio is presently 57.95%.
AT&T Company Profile
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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