First United Bank Trust grew its stake in AT&T Inc. (NYSE:T) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,894 shares of the technology company’s stock after purchasing an additional 766 shares during the period. First United Bank Trust’s holdings in AT&T were worth $454,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Legacy Advisors LLC boosted its holdings in shares of AT&T by 1.7% in the fourth quarter. Legacy Advisors LLC now owns 21,287 shares of the technology company’s stock valued at $608,000 after buying an additional 363 shares during the period. Advocacy Wealth Management Services LLC boosted its holdings in shares of AT&T by 10.6% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 5,200 shares of the technology company’s stock valued at $148,000 after buying an additional 500 shares during the period. HT Partners LLC boosted its holdings in AT&T by 4.3% during the fourth quarter. HT Partners LLC now owns 12,024 shares of the technology company’s stock worth $343,000 after purchasing an additional 500 shares during the last quarter. Clarus Wealth Advisors boosted its holdings in AT&T by 4.1% during the fourth quarter. Clarus Wealth Advisors now owns 20,187 shares of the technology company’s stock worth $576,000 after purchasing an additional 795 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its holdings in AT&T by 0.9% during the third quarter. JGP Wealth Management LLC now owns 104,832 shares of the technology company’s stock worth $3,523,000 after purchasing an additional 915 shares during the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.
In other AT&T news, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $29.84, for a total transaction of $111,840.32. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.07% of the stock is owned by insiders.
NYSE:T opened at $32.02 on Tuesday. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $35.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $197.68 billion, a PE ratio of 9.10, a P/E/G ratio of 1.36 and a beta of 0.59.
AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a net margin of 11.34% and a return on equity of 13.47%. AT&T’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. Analysts forecast that AT&T Inc. will post 3.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is 57.95%.
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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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