Silverlake Wealth Management LLC Purchases 32,182 Shares of AT&T Inc. $T

Silverlake Wealth Management LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 51.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 94,898 shares of the technology company’s stock after purchasing an additional 32,182 shares during the period. AT&T comprises approximately 0.8% of Silverlake Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Silverlake Wealth Management LLC’s holdings in AT&T were worth $2,746,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in AT&T by 150.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 43,914 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 26,388 shares during the last quarter. Horizon Investments LLC raised its position in shares of AT&T by 5.3% in the first quarter. Horizon Investments LLC now owns 103,960 shares of the technology company’s stock valued at $2,909,000 after purchasing an additional 5,263 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of AT&T by 14.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 43,186 shares of the technology company’s stock worth $1,221,000 after buying an additional 5,596 shares during the period. Finally, American Century Companies Inc. grew its stake in AT&T by 10.7% in the 1st quarter. American Century Companies Inc. now owns 7,645,589 shares of the technology company’s stock valued at $216,217,000 after buying an additional 738,182 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

NYSE T opened at $24.57 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market cap of $174.20 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.44 and a beta of 0.38. The business has a 50 day simple moving average of $25.41 and a 200 day simple moving average of $27.26. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. 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 was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analyst Weigh In

Several research analysts have commented on T shares. Barclays dropped their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. The Goldman Sachs Group assumed coverage on AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price for the company. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. KeyCorp raised AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Tuesday, November 11th. Finally, TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

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.