Carol Devine Miller, a congress member representing West Virginia's 1st congressional district, has been active in the stock market, according to a recent congressional trade report. The report shows that Miller has sold shares in several major companies, including AT&T Inc. (NYSE:T), Coca-Cola (NYSE:KO) Consolidated, Inc. (NASDAQ:COKE), and Comcast Corporation (NASDAQ:CMCSA).
The transactions, which took place on May 8, 2024, were notified to the relevant authorities on June 4, 2024. Miller sold assets in the form of stocks in each of these companies. In AT&T and Coca-Cola Consolidated, the value of each sale ranged from $1,001 to $15,000. Similarly, she sold stocks in Comcast Corporation twice, with one transaction ranging from $1,001 to $15,000 and the other from $15,001 to $50,000.
Additionally, the congress member also sold shares in McKesson Corporation (NYSE:NYSE:MCK) and Yum! Brands, Inc. (NYSE:NYSE:YUM). For both companies, one transaction was valued between $15,001 and $50,000, while the other ranged from $1,001 to $15,000.
These transactions represent a substantial amount of activity for Miller in the stock market. As a congress member, Miller is required by law to disclose these transactions to ensure transparency and avoid conflicts of interest. The report did not disclose the type of account Miller used for these transactions.
InvestingPro Insights
Among the companies recently sold by Congress member Carol Devine Miller, AT&T Inc. (NYSE:T) stands out with some compelling financial metrics and investor considerations. According to real-time data from InvestingPro, AT&T has a market capitalization of $131.64 billion, reflecting its significant presence in the telecommunications industry. The company's price-to-earnings (P/E) ratio stands at an attractive 12.9, suggesting that the stock could be reasonably valued compared to industry peers.
InvestingPro Tips indicate that AT&T has a perfect Piotroski Score of 9, which is a strong indicator of the company's financial health. Additionally, AT&T is recognized as a prominent player in the Diversified Telecommunication Services industry. This status, combined with a history of maintaining dividend payments for 41 consecutive years and a current dividend yield of 6.07%, underscores AT&T's appeal to income-focused investors.
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