98,156 Shares in AT&T Inc. $T Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC acquired a new position in AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 98,156 shares of the technology company’s stock, valued at approximately $2,841,000.

Other large investors have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp lifted its holdings in AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after purchasing an additional 4,793 shares in the last quarter. Capstone Wealth Management LLC purchased a new position in AT&T during the first quarter valued at approximately $201,000. Kickstand Ventures LLC. purchased a new position in AT&T during the second quarter valued at approximately $489,000. ASR Vermogensbeheer N.V. lifted its holdings in AT&T by 1.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock valued at $20,910,000 after purchasing an additional 9,970 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in AT&T by 10.2% during the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock valued at $31,389,000 after purchasing an additional 102,419 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Scotiabank set a $30.25 target price on AT&T and gave the stock a “sector perform” rating in a report on Monday. The Goldman Sachs Group began coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Trading Up 0.3%

Shares of T opened at $26.24 on Thursday. The company’s fifty day moving average is $28.51 and its 200 day moving average is $27.90. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The stock has a market capitalization of $187.63 billion, a PE ratio of 14.91, a P/E/G ratio of 3.35 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping 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 company had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. AT&T’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T’s dividend payout ratio is currently 63.07%.

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.