Triasima Portfolio Management inc. Has $2.12 Million Holdings in AT&T Inc. $T

Key Points

• Triasima Portfolio Management Inc. increased its stake in AT&T by 30.3% in the second quarter, bringing its holdings to 73,389 shares valued at approximately $2.12 million.
• AT&T's recent earnings report revealed $0.54 EPS, surpassing analysts' expectations of $0.53, and quarterly revenue was up by 3.4% year-over-year to $30.85 billion.
• The company announced a quarterly dividend of $0.2775 per share, translating to an annualized dividend of $1.11, with a yield of 4.2% and a payout ratio of 63.07%.

Triasima Portfolio Management inc. grew its position in AT&T Inc. (NYSE:T - Free Report) by 30.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,389 shares of the technology company's stock after purchasing an additional 17,079 shares during the period. Triasima Portfolio Management inc.'s holdings in AT&T were worth $2,124,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp increased its holdings in shares of AT&T by 1.5% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company's stock valued at $9,380,000 after acquiring an additional 4,793 shares during the last quarter. Capstone Wealth Management LLC acquired a new position in shares of AT&T during the 1st quarter valued at about $201,000. Kickstand Ventures LLC. acquired a new position in shares of AT&T during the 2nd quarter valued at about $489,000. ASR Vermogensbeheer N.V. increased its holdings in shares of AT&T by 1.4% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company's stock valued at $20,910,000 after acquiring an additional 9,970 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock valued at $31,389,000 after acquiring an additional 102,419 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock opened at $26.13 on Wednesday. The stock has a 50 day moving average of $28.54 and a two-hundred day moving average of $27.91. The company has a current ratio of 0.81, a quick ratio of 0.76 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 company has a market capitalization 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.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter last year, the company earned $0.51 EPS. The company's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on T. Citigroup reissued a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Scotiabank set a $30.25 target price on AT&T and gave the company a "sector perform" rating in a research note on Monday. The Goldman Sachs Group initiated coverage on AT&T in a research note on Tuesday, September 2nd. They set a "buy" rating and a $32.00 target price for the company. Finally, HSBC downgraded AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $30.75.

AT&T Company 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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