AT&T Inc. $T Holdings Increased by Western Wealth Management LLC

Western Wealth Management LLC boosted its position in AT&T Inc. (NYSE:T) by 6.4% in the second quarter, HoldingsChannel.com reports. The firm owned 101,278 shares of the technology company’s stock after purchasing an additional 6,135 shares during the quarter. Western Wealth Management LLC’s holdings in AT&T were worth $2,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Denali Advisors LLC raised its stake in shares of AT&T by 5.9% in the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after acquiring an additional 22,394 shares in the last quarter. Tredje AP fonden boosted its holdings in AT&T by 1.8% during the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after purchasing an additional 21,720 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its holdings in shares of AT&T by 1.5% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock worth $9,380,000 after buying an additional 4,793 shares in the last quarter. Kickstand Ventures LLC. bought a new position in shares of AT&T during the 2nd quarter worth approximately $489,000. Finally, Sentry Investment Management LLC boosted its stake in AT&T by 153.2% in the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after buying an additional 13,370 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.7%

NYSE T opened at $25.58 on Friday. The company has a market cap of $181.31 billion, a PE ratio of 8.30, a PEG ratio of 2.16 and a beta of 0.40. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79. The stock has a 50 day moving average of $26.75 and a 200-day moving average of $27.56. The company has a current ratio of 1.01, a quick ratio of 0.96 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is 36.04%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price for the company. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 target price (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $30.64.

AT&T Company 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.