Insight Inv LLC Buys 399 Shares of AT&T Inc. $T

Insight Inv LLC increased its stake in AT&T Inc. (NYSE:T) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,066 shares of the technology company’s stock after buying an additional 399 shares during the quarter. Insight Inv LLC’s holdings in AT&T were worth $1,738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CHURCHILL MANAGEMENT Corp increased its stake in AT&T by 1.5% in 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 during the period. Capstone Wealth Management LLC purchased a new stake in AT&T in the first quarter worth $201,000. Kickstand Ventures LLC. purchased a new stake in AT&T in the second quarter worth $489,000. ASR Vermogensbeheer N.V. raised its holdings in shares of AT&T by 1.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock valued at $20,910,000 after acquiring an additional 9,970 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of AT&T by 10.2% in the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock valued at $31,389,000 after acquiring an additional 102,419 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T opened at $26.24 on Thursday. The business’s 50-day moving average is $28.51 and its two-hundred day moving average is $27.90. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market capitalization of $187.63 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 3.35 and a beta of 0.42.

AT&T (NYSE:T) last posted 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. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank set a $30.25 price objective on AT&T and gave the company a “sector perform” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a report on Wednesday. Bank of America assumed coverage on AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price 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.