Elyxium Wealth LLC Acquires 10,784 Shares of AT&T Inc. $T

Elyxium Wealth LLC grew its position in shares of AT&T Inc. (NYSE:T) by 41.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 36,740 shares of the technology company’s stock after acquiring an additional 10,784 shares during the period. Elyxium Wealth LLC’s holdings in AT&T were worth $1,063,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% in the fourth 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 during the period. Cloud Capital Management LLC purchased a new stake in shares of AT&T in the 1st quarter worth $54,000. Envestnet Asset Management Inc. increased its holdings in shares of AT&T by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,998,517 shares of the technology company’s stock valued at $367,598,000 after acquiring an additional 651,813 shares during the period. Callan Capital LLC increased its position in shares of AT&T by 13.0% during the first quarter. Callan Capital LLC now owns 32,988 shares of the technology company’s stock worth $933,000 after purchasing an additional 3,797 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in shares of AT&T by 3.2% during the first quarter. Gilliland Jeter Wealth Management LLC now owns 289,708 shares of the technology company’s stock worth $8,193,000 after buying an additional 9,072 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. TD Cowen raised their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Sanford C. Bernstein upped their price target on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Williams Trading set a $33.00 price target on AT&T in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

AT&T Stock Performance

T opened at $24.53 on Tuesday. The stock has a market cap of $175.40 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. The business’s 50 day moving average is $27.49 and its 200-day moving average is $27.69. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last announced 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 during the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. On average, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, October 10th. AT&T’s payout ratio is currently 36.04%.

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.