AT&T Inc. $T Shares Acquired by Talbot Financial LLC

Talbot Financial LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 17.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 388,725 shares of the technology company’s stock after buying an additional 58,909 shares during the quarter. Talbot Financial LLC’s holdings in AT&T were worth $11,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in T. Brighton Jones LLC boosted its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of AT&T by 24.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,035 shares of the technology company’s stock worth $397,000 after acquiring an additional 2,725 shares in the last quarter. Vest Financial LLC boosted its position in shares of AT&T by 47.8% in the 1st quarter. Vest Financial LLC now owns 119,184 shares of the technology company’s stock valued at $3,371,000 after purchasing an additional 38,528 shares during the period. Signal Advisors Wealth LLC boosted its position in shares of AT&T by 5.2% in the 1st quarter. Signal Advisors Wealth LLC now owns 19,465 shares of the technology company’s stock valued at $550,000 after purchasing an additional 963 shares during the period. Finally, Magnus Financial Group LLC boosted its position in shares of AT&T by 4.0% in the 1st quarter. Magnus Financial Group LLC now owns 27,338 shares of the technology company’s stock valued at $773,000 after purchasing an additional 1,057 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 subject of a number of research analyst reports. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Thursday, July 24th. Bank of America initiated coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price for the company. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Sanford C. Bernstein upped their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.74.

AT&T Stock Up 0.2%

AT&T stock opened at $27.06 on Friday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The stock has a 50 day moving average of $28.60 and a two-hundred day moving average of $27.92. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm 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 dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

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.