Investors Asset Management of Georgia Inc. GA ADV Has $1.58 Million Position in AT&T Inc. $T

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of AT&T Inc. (NYSE:T) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,459 shares of the technology company’s stock after buying an additional 1,874 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in AT&T were worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in T. Stone House Investment Management LLC bought a new position in AT&T during the 1st quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the second quarter valued at about $26,000. Kennebec Savings Bank increased its stake in shares of AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the period. Hager Investment Management Services LLC raised its position in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of AT&T in the first quarter worth approximately $29,000. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 0.2%

T opened at $27.06 on Monday. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market cap of $193.49 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. The company has a fifty day moving average price of $28.60 and a two-hundred day moving average price of $27.93.

AT&T (NYSE:T) last released its quarterly earnings data 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 company had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 3.4% on a year-over-year basis. 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. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. AT&T’s payout ratio is currently 63.07%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Scotiabank lifted their target price on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. Finally, UBS Group set a $33.00 price target on shares of AT&T in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.74.

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.