Beaton Management Co. Inc. sell 1,435 shares of AT&T Inc. (NYSE:T)

VaselineSeptember 21, 2024

0 3 minutes read

Beaton Management Co. Inc. sell 1,435 shares of AT&T Inc. (NYSE:T)

the AT&T logo Beaton Management Co. Inc. reduced its holdings in AT&T Inc. (NYSE:T – Free Report) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,319 shares of the technology company’s stock after selling 1,435 shares during the period. Beaton Management Co. holdings. Inc. in AT&T were worth $962,000 at the end of the most recent quarter.

A number of other large investors have added to or reduced their stakes in the stock. Vantage Financial Partners LLC raised its position in AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after acquiring an additional 7,762 shares during the period. Gilbert & Cook Inc. raised its stake in AT&T by 4.1% in the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after purchasing an additional 1,212 shares in the last quarter. Aveo Capital Partners LLC boosted its position in shares of AT&T by 4.5% during the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock worth $466,000 after buying an additional 1,194 shares during the period. shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in AT&T by 21.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock valued at $477,000 after buying an additional 4,870 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in AT&T by 7.8% during the fourth quarter. Brown Advisory Inc. now owns 242,324 shares of the technology company’s stock worth $4,066,000 after purchasing an additional 17,601 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s shares.

AT&T stock fell 1.7%

Shares of T opened at $21.35 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.66, and a debt-to-equity ratio of 1.05. The stock’s 50-day moving average is $19.82, and its two-hundred-day moving average is $18.30. The firm has a market cap of $153.08 billion, a P/E ratio of 11.48, a PEG ratio of 3.79 and a beta of 0.59. AT&T Inc. has a 12-month low of $14.12 and a 12-month high of $22.34.

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AT&T (NYSE:T – Get Your Free Report ) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. During the same period in the previous year, the firm posted EPS of $0.63. The company’s revenue for the quarter was down 0.3% compared to the same quarter last year. Analysts predict that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents an annualized dividend of $1.11 and a yield of 5.20%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Changes in Analyst Ratings

Several equities analysts recently commented on the company. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Cowen upped their price target on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a report on Monday. Finally, UBS Group reiterated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.31, according to MarketBeat.com.

Read the latest stock report on AT&T

About AT&T

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment provides wireless voice and data communications services; and sells mobile phones, wireless data cards, wireless computing devices, carrying cases/protective covers and wireless chargers through its own company-owned stores, agents and third-party retail stores.