Leelyn Smith LLC Acquires 5,776 Shares of AT&T Inc. $T

Leelyn Smith LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 22.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,049 shares of the technology company’s stock after buying an additional 5,776 shares during the period. Leelyn Smith LLC’s holdings in AT&T were worth $899,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of T. Stone House Investment Management LLC bought a new position in AT&T during the 1st quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T during the 2nd quarter valued at $26,000. Hager Investment Management Services LLC increased its position in shares of AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Kennebec Savings Bank increased its position in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the last quarter. Finally, Core Alternative Capital increased its position in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after purchasing an additional 568 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 2.2%

T stock opened at $25.17 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $179.95 billion, a PE ratio of 8.17, a PEG ratio of 1.99 and a beta of 0.42. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The stock has a 50-day simple moving average of $27.97 and a two-hundred day simple moving average of $27.75.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. AT&T’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm 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 of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s payout ratio is presently 63.07%.

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. Sanford C. Bernstein raised their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday. Scotiabank set a $30.25 price objective on AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Williams Trading set a $33.00 price objective on AT&T in a research note on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

About AT&T

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.