7,465 Shares in AT&T Inc. $T Acquired by Horan Securities Inc.

Horan Securities Inc. acquired a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,465 shares of the technology company’s stock, valued at approximately $216,000.

Several other large investors have also recently added to or reduced their stakes in T. Vanguard Group Inc. increased its holdings in shares of AT&T by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock worth $18,411,543,000 after acquiring an additional 8,185,006 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in AT&T in the 2nd quarter worth about $5,266,758,000. GQG Partners LLC increased its stake in shares of AT&T by 17.7% in the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after purchasing an additional 17,177,874 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 valued at $1,561,514,000 after buying an additional 1,783,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 1,307,009 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Barclays cut their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Wells Fargo & Company reduced their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Finally, Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

AT&T Trading Up 0.5%

Shares of T stock opened at $24.55 on Thursday. The stock has a 50-day simple moving average of $27.32 and a 200 day simple moving average of $27.65. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The stock has a market capitalization of $175.54 billion, a P/E ratio of 7.97, a P/E/G ratio of 2.16 and a beta of 0.42. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the previous year, the business earned $0.60 earnings per share. AT&T’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

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.