Coldstream Capital Management Inc. Boosts Position in AT&T Inc. $T

Coldstream Capital Management Inc. raised its stake in AT&T Inc. (NYSE:T) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,030 shares of the technology company’s stock after purchasing an additional 26,719 shares during the period. Coldstream Capital Management Inc.’s holdings in AT&T were worth $11,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Providence Wealth Advisors LLC boosted its holdings in shares of AT&T by 44.4% in the 2nd quarter. Providence Wealth Advisors LLC now owns 27,866 shares of the technology company’s stock valued at $775,000 after buying an additional 8,568 shares in the last quarter. Shakespeare Wealth Management LLC boosted its stake in AT&T by 20.4% in the second quarter. Shakespeare Wealth Management LLC now owns 8,586 shares of the technology company’s stock valued at $248,000 after acquiring an additional 1,455 shares in the last quarter. J. L. Bainbridge & Co. Inc. grew its holdings in shares of AT&T by 1.7% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after purchasing an additional 355 shares during the last quarter. Enterprise Financial Services Corp increased its position in shares of AT&T by 1.2% during the second quarter. Enterprise Financial Services Corp now owns 40,268 shares of the technology company’s stock worth $1,165,000 after purchasing an additional 466 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of AT&T by 24.8% in the 2nd quarter. American Century Companies Inc. now owns 9,538,038 shares of the technology company’s stock valued at $276,031,000 after purchasing an additional 1,892,449 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T 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 firm 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. The firm’s fifty day moving average price is $26.37 and its 200 day moving average price is $27.48. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate 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 net margin of 17.87% and a return on equity of 12.72%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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

Analyst Ratings Changes

T has been the topic of several research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 price target (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. The Goldman Sachs Group started coverage on shares of AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently 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.