AT&T Inc. $T Shares Purchased by Kelleher Financial Advisors

Kelleher Financial Advisors grew its position in shares of AT&T Inc. (NYSE:T) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,529 shares of the technology company’s stock after acquiring an additional 2,686 shares during the quarter. Kelleher Financial Advisors’ holdings in AT&T were worth $768,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Denali Advisors LLC lifted its position in AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after acquiring an additional 22,394 shares in the last quarter. Tredje AP fonden raised its stake in shares of 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 during the period. CHURCHILL MANAGEMENT Corp lifted its position in shares of AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock worth $9,380,000 after purchasing an additional 4,793 shares in the last quarter. Kickstand Ventures LLC. purchased a new position in shares of AT&T in the second quarter valued at $489,000. Finally, Sentry Investment Management LLC boosted its stake in shares of AT&T by 153.2% in the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after purchasing an additional 13,370 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Morgan Stanley raised their price objective on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Williams Trading set a $33.00 target price on AT&T in a research report on Thursday, October 23rd. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.64.

AT&T Stock Up 1.4%

T stock opened at $25.19 on Wednesday. The firm has a market cap of $178.55 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 2.16 and a beta of 0.40. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The firm has a fifty day moving average price of $26.97 and a two-hundred day moving average price of $27.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

AT&T 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.