10,740 Shares in AT&T Inc. $T Acquired by Seamount Financial Group Inc.

Seamount Financial Group Inc. acquired a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,740 shares of the technology company’s stock, valued at approximately $311,000.

Other hedge funds have also added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in AT&T in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC increased its stake in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Kennebec Savings Bank increased its position in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after acquiring an additional 783 shares during the last quarter. Finally, Core Alternative Capital raised its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after buying an additional 568 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T opened at $25.88 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The business’s fifty day moving average price is $28.56 and its 200 day moving average price is $27.92. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The stock has a market capitalization of $185.05 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share 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 the consensus estimate of $30.44 billion. During the same period last year, the firm posted $0.51 EPS. AT&T’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Scotiabank set a $30.25 price target on shares of AT&T and gave the stock a “sector perform” rating in a report on Monday. Morgan Stanley boosted their price objective on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group started coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

About AT&T

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.