AT&T Inc. $T Shares Acquired by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP lifted its stake in AT&T Inc. (NYSE:T) by 488.3% in the second quarter, HoldingsChannel reports. The firm owned 44,027 shares of the technology company’s stock after acquiring an additional 36,543 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in AT&T were worth $1,274,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of T. Journey Strategic Wealth LLC raised its position in AT&T by 69.0% in the 2nd quarter. Journey Strategic Wealth LLC now owns 75,125 shares of the technology company’s stock valued at $2,174,000 after purchasing an additional 30,684 shares in the last quarter. White Pine Capital LLC increased its stake in shares of AT&T by 1.9% during the second quarter. White Pine Capital LLC now owns 84,947 shares of the technology company’s stock worth $2,458,000 after buying an additional 1,600 shares during the period. MAI Capital Management raised its holdings in AT&T by 1.2% in the second quarter. MAI Capital Management now owns 475,707 shares of the technology company’s stock valued at $13,767,000 after acquiring an additional 5,775 shares in the last quarter. Neo Ivy Capital Management grew its holdings in AT&T by 2.1% during the 2nd quarter. Neo Ivy Capital Management now owns 75,588 shares of the technology company’s stock worth $2,188,000 after acquiring an additional 1,570 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of AT&T by 21.2% in the 2nd quarter. DNB Asset Management AS now owns 2,026,055 shares of the technology company’s stock valued at $58,634,000 after purchasing an additional 354,198 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.6%

T stock opened at $25.94 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The company has a market cap of $183.90 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth 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 company has a fifty day moving average price of $26.37 and a 200 day moving average price of $27.49.

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

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Williams Trading set a $33.00 price objective on shares of AT&T in a research report on Thursday, October 23rd. Wall Street Zen downgraded AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company lowered their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 price target (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently 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.