Bernardo Wealth Planning LLC boosted its holdings in AT&T Inc. (NYSE:T) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,745 shares of the technology company’s stock after buying an additional 944 shares during the period. Bernardo Wealth Planning LLC’s holdings in AT&T were worth $860,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of T. JJJ Advisors Inc. purchased a new position in shares of AT&T in the 3rd quarter worth about $27,000. Horan Securities Inc. raised 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 purchasing an additional 830 shares during the period. Next Capital Management LLC purchased a new position in shares of AT&T in the 2nd quarter worth about $39,000. Contravisory Investment Management Inc. raised 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 purchasing an additional 338 shares during the period. Finally, Centaurus Financial Inc. raised 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 purchasing an additional 333 shares during the period. 52.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:T opened at $39.25 on Thursday. The company has a market cap of $286.80 billion, a P/E ratio of 11.15, a PEG ratio of 2.45 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.74. AT&T Inc. has a one year low of $26.80 and a one year high of $39.50. The business’s 50-day simple moving average is $37.77 and its 200 day simple moving average is $34.38.
AT&T (NYSE:T) last announced its earnings results on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The business 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 13.42% and a net margin of 8.97%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. Analysts predict that AT&T Inc. will post 3.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.04 annualized dividend and a yield of 5.20%. AT&T’s dividend payout ratio is presently 57.95%.
T has been the topic of a number of research reports. DZ Bank restated a “hold” rating and issued a $38.00 price objective on shares of AT&T in a report on Wednesday, September 18th. Barclays raised their price objective on AT&T from $31.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. They noted that the move was a valuation call. Standpoint Research downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Raymond James restated a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of AT&T in a report on Tuesday, October 29th. Finally, Citigroup raised 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 analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.90.
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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