Fulton Breakefield Broenniman LLC Increases Stock Holdings in AT&T Inc. $T

Fulton Breakefield Broenniman LLC raised its position in shares of AT&T Inc. (NYSE:T) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,694 shares of the technology company’s stock after purchasing an additional 1,172 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in AT&T were worth $252,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in T. David J Yvars Group increased its stake in shares of AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after acquiring an additional 372 shares during the period. AllSquare Wealth Management LLC boosted its holdings in AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after purchasing an additional 378 shares during the last quarter. Barnes Wealth Management Group Inc grew its position in AT&T by 2.6% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after purchasing an additional 380 shares during the period. Kathmere Capital Management LLC raised its stake in shares of AT&T by 0.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after buying an additional 381 shares during the last quarter. Finally, James J. Burns & Company LLC lifted its holdings in shares of AT&T by 1.0% in the 2nd quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock valued at $1,168,000 after buying an additional 383 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $26.24 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a fifty day moving average of $28.51 and a 200 day moving average of $27.90. The firm has a market cap of $187.63 billion, a PE ratio of 14.91, a PEG ratio of 3.35 and a beta of 0.42. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79.

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, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is 63.07%.

Wall Street Analyst Weigh In

T has been the topic of several analyst reports. Bank of America initiated coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Morgan Stanley boosted their target price 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. Raymond James Financial restated 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. Finally, UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.75.

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.