CHURCHILL MANAGEMENT Corp Has $5.08 Million Stake in AT&T Inc. (NYSE:T)

CHURCHILL MANAGEMENT Corp decreased its holdings in AT&T Inc. (NYSE:T) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,690 shares of the technology company’s stock after selling 10,674 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in AT&T were worth $5,081,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Pineridge Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Ramirez Asset Management Inc. bought a new stake in shares of AT&T in the 3rd quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of AT&T in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent analyst reports. Scotiabank upped their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Tuesday, March 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, April 29th. Finally, StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $21.54.

AT&T Stock Up 1.6 %

T opened at $18.40 on Friday. The business has a 50 day moving average of $17.32 and a 200-day moving average of $17.11. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $131.93 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 3.56 and a beta of 0.60. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.45.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.03%. AT&T’s payout ratio is presently 59.68%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, 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.