Ewa LLC Purchases 4,592 Shares of AT&T Inc. $T

Ewa LLC increased its position in AT&T Inc. (NYSE:T) by 27.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,278 shares of the technology company’s stock after purchasing an additional 4,592 shares during the quarter. Ewa LLC’s holdings in AT&T were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Brighton Jones LLC raised its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in AT&T by 24.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,035 shares of the technology company’s stock valued at $397,000 after buying an additional 2,725 shares during the last quarter. Apella Capital LLC grew its stake in AT&T by 18.0% in the 1st quarter. Apella Capital LLC now owns 34,911 shares of the technology company’s stock valued at $924,000 after buying an additional 5,321 shares during the last quarter. Amplius Wealth Advisors LLC grew its stake in AT&T by 18.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 15,224 shares of the technology company’s stock valued at $431,000 after buying an additional 2,342 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in AT&T by 89.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 40,242 shares of the technology company’s stock valued at $1,138,000 after buying an additional 19,011 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of NYSE:T opened at $27.55 on Thursday. The company’s 50 day moving average price is $28.63 and its two-hundred day moving average price is $27.91. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The firm has a market cap of $196.96 billion, a PE ratio of 15.65, a PEG ratio of 3.62 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. Equities research 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 will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on T shares. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Morgan Stanley upped their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group started coverage on shares of AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.74.

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.