Country Club Bank Has $739,000 Stock Holdings in AT&T Inc. $T

Key Points

• Country Club Bank decreased its holdings in AT&T Inc. by 41.6% during the second quarter, now owning 26,324 shares worth $739,000.
• AT&T recently declared a quarterly dividend of $0.2775, with an annualized yield of 4.2%, to be paid on November 3rd.
• AT&T's share performance includes a recent EPS of $0.54, exceeding estimates, and a revenue increase of 3.4% compared to the previous year.

Country Club Bank lessened its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 41.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,324 shares of the technology company's stock after selling 18,775 shares during the quarter. Country Club Bank's holdings in AT&T were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of AT&T by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after buying an additional 8,185,006 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in AT&T during the second quarter worth about $5,266,758,000. GQG Partners LLC increased its position in AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock worth $3,222,711,000 after acquiring an additional 17,177,874 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in AT&T by 3.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company's stock worth $1,561,514,000 after acquiring an additional 1,783,363 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in AT&T by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock worth $1,508,411,000 after acquiring an additional 1,307,009 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

T stock opened at $26.13 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The firm has a market cap of $186.85 billion, a P/E ratio of 14.85, a P/E/G ratio of 3.31 and a beta of 0.42. The company's 50-day moving average price is $28.54 and its two-hundred day moving average price is $27.91.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period last year, the firm earned $0.51 EPS. The business's quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, October 10th. AT&T's dividend payout ratio (DPR) is presently 63.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on T shares. UBS Group set a $33.00 price target on shares of AT&T in a research report on Thursday, September 18th. Morgan Stanley raised their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein raised their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $33.00 price target (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Finally, Scotiabank set a $30.25 price target on shares of AT&T and gave the stock a "sector perform" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.75.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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