Cullen Frost Bankers Inc. minimize its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 8.5% within the second quarter, based on its most up-to-date submitting with the Securities and Alternate Fee. The agency owned 730,404 shares of the expertise firm’s inventory after promoting 67,633 shares in the course of the quarter. Cullen Frost Bankers Inc.’s holdings in AT&T had been value $13,958,000 on the finish of the latest quarter.
A number of different institutional traders and hedge funds additionally just lately purchased and bought shares of the enterprise. Frank Rimerman Advisors LLC bought a brand new place in shares of AT&T in the course of the 4th quarter valued at $25,000. Pineridge Advisors LLC bought a brand new place in AT&T within the fourth quarter valued at about $25,000. Riggs Asset Managment Co. Inc. elevated its place in AT&T by 356.5% within the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the expertise firm’s inventory value $27,000 after buying an extra 1,116 shares over the past quarter. First Pacific Monetary raised its stake in shares of AT&T by 166.7% in the course of the 1st quarter. First Pacific Monetary now owns 1,600 shares of the expertise firm’s inventory value $28,000 after buying an extra 1,000 shares within the final quarter. Lastly, American Capital Advisory LLC lifted its holdings in shares of AT&T by 107.5% in the course of the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the expertise firm’s inventory valued at $30,000 after shopping for an extra 807 shares over the past quarter. Hedge funds and different institutional traders personal 57.10% of the corporate’s inventory.
Analysts Set New Worth Targets
A variety of equities analysts just lately commented on the corporate. Oppenheimer elevated their value goal on AT&T from $21.00 to $23.00 and gave the inventory an “outperform” score in a report on Thursday, July twenty fifth. TD Cowen raised their value goal on shares of AT&T from $21.00 to $23.00 and gave the corporate a “maintain” score in a report on Thursday, July twenty fifth. BNP Paribas raised shares of AT&T from an “underperform” score to a “impartial” score in a analysis be aware on Tuesday, June eleventh. Moffett Nathanson elevated their goal value on shares of AT&T from $17.00 to $18.00 and gave the inventory a “impartial” score in a analysis report on Thursday, August fifteenth. Lastly, Royal Financial institution of Canada boosted their value goal on AT&T from $18.00 to $19.00 and gave the inventory a “sector carry out” score in a analysis report on Thursday, July twenty fifth. 9 analysts have rated the inventory with a maintain score and ten have assigned a purchase score to the corporate. Based on MarketBeat, the corporate has a consensus score of “Average Purchase” and a median value goal of $22.06.
Verify Out Our Newest Report on AT&T
AT&T Buying and selling Up 1.5 %
Shares of T inventory opened at $20.97 on Friday. The corporate has a present ratio of 0.70, a fast ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1 12 months low of $14.12 and a 1 12 months excessive of $21.00. The agency’s fifty day easy transferring common is $19.31 and its 200 day easy transferring common is $18.01. The agency has a market capitalization of $150.36 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of three.47 and a beta of 0.59.
AT&T (NYSE:T – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, July twenty fourth. The expertise firm reported $0.57 EPS for the quarter, assembly analysts’ consensus estimates of $0.57. AT&T had a internet margin of 10.41% and a return on fairness of 14.16%. The enterprise had income of $29.80 billion in the course of the quarter, in comparison with analyst estimates of $30.05 billion. Throughout the identical quarter within the prior 12 months, the enterprise earned $0.63 earnings per share. The agency’s income for the quarter was down .3% on a year-over-year foundation. As a gaggle, sell-side analysts predict that AT&T Inc. will put up 2.22 EPS for the present 12 months.
AT&T Broadcasts Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of file on Wednesday, July tenth got a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized foundation and a dividend yield of 5.29%. The ex-dividend date was Wednesday, July tenth. AT&T’s dividend payout ratio is presently 59.68%.
AT&T Profile
AT&T Inc supplies telecommunications and expertise providers worldwide. The corporate operates via two segments, Communications and Latin America. The Communications phase provides wi-fi voice and knowledge communications providers; and sells handsets, wi-fi knowledge playing cards, wi-fi computing units, carrying circumstances/protecting covers, and wi-fi chargers via its personal company-owned shops, brokers, and third-party retail shops.
Learn Extra
Obtain Information & Scores for AT&T Day by day – Enter your electronic mail tackle beneath to obtain a concise every day abstract of the newest information and analysts’ rankings for AT&T and associated firms with MarketBeat.com’s FREE every day electronic mail publication.
