Brighton Jones LLC grew its stake in AT&T Inc. (NYSE:T) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,021 shares of the technology company’s stock after purchasing an additional 4,619 shares during the period. Brighton Jones LLC’s holdings in AT&T were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in T. Horan Securities Inc. boosted its holdings in shares of AT&T by 439.2% in the 2nd quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock worth $34,000 after acquiring an additional 830 shares in the last quarter. Next Capital Management LLC acquired a new position in shares of AT&T in the 2nd quarter worth approximately $39,000. Contravisory Investment Management Inc. boosted its holdings in shares of AT&T by 36.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock worth $43,000 after acquiring an additional 338 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of AT&T by 24.4% in the 1st quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock worth $54,000 after acquiring an additional 333 shares in the last quarter. Finally, Clear Investment Research LLC boosted its holdings in shares of AT&T by 3,051.9% in the 2nd quarter. Clear Investment Research LLC now owns 1,702 shares of the technology company’s stock worth $57,000 after acquiring an additional 1,648 shares in the last quarter. Institutional investors own 53.06% of the company’s stock.
NYSE:T opened at $38.49 on Tuesday. The stock’s fifty day moving average price is $37.54 and its two-hundred day moving average price is $34.08. AT&T Inc. has a 52-week low of $26.80 and a 52-week high of $38.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $281.14 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 2.32 and a beta of 0.63.
AT&T (NYSE:T) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $44.59 billion for the quarter, compared to the consensus estimate of $45.45 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. On average, equities analysts predict that AT&T Inc. will post 3.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend is Wednesday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 57.95%.
T has been the topic of several research reports. Credit Suisse Group raised AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a report on Thursday, July 25th. ValuEngine downgraded AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Oppenheimer set a $41.00 price objective on AT&T and gave the stock a “buy” rating in a report on Tuesday, September 10th. DZ Bank reaffirmed a “hold” rating and set a $38.00 price objective on shares of AT&T in a report on Wednesday, September 18th. Finally, Citigroup upped their price objective on AT&T from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.27.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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