Torch Wealth Management LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,849 shares of the technology company’s stock after buying an additional 200 shares during the period. Torch Wealth Management LLC’s holdings in AT&T were worth $1,353,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. RMB Capital Management LLC raised its position in shares of AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock valued at $1,537,000 after buying an additional 24,491 shares in the last quarter. Shell Asset Management Co. raised its position in shares of AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock valued at $51,770,000 after buying an additional 5,354 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of AT&T by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 358,021 shares of the technology company’s stock valued at $15,051,000 after buying an additional 15,867 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of AT&T by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock valued at $843,705,000 after buying an additional 1,139,382 shares in the last quarter. Finally, Foster & Motley Inc. raised its position in shares of AT&T by 4.6% in the first quarter. Foster & Motley Inc. now owns 58,194 shares of the technology company’s stock valued at $2,418,000 after buying an additional 2,545 shares in the last quarter. Institutional investors own 55.00% of the company’s stock.

Shares of AT&T Inc. (NYSE:T) traded down 0.183% during mid-day trading on Thursday, reaching $37.601. 7,402,123 shares of the company were exchanged. The company’s 50-day moving average is $37.60 and its 200 day moving average is $39.38. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.03. The firm has a market capitalization of $230.87 billion, a price-to-earnings ratio of 17.670 and a beta of 0.47.

AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Analysts predict that AT&T Inc. will post $2.94 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.20%. AT&T’s dividend payout ratio is currently 92.45%.

WARNING: This report was originally posted by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/att-inc-t-position-increased-by-torch-wealth-management-llc/1534549.html.

T has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price objective on shares of AT&T in a report on Sunday, July 9th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a report on Monday, July 10th. Finally, Bank of America Corporation lowered shares of AT&T from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $39.00 in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.50.

About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.