AT&T Inc. $T Shares Acquired by CW Advisors LLC

CW Advisors LLC boosted its holdings in AT&T Inc. (NYSE:T) by 176.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 347,945 shares of the technology company’s stock after buying an additional 221,864 shares during the period. CW Advisors LLC’s holdings in AT&T were worth $9,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. United Asset Strategies Inc. raised its holdings in AT&T by 105.1% in the first quarter. United Asset Strategies Inc. now owns 22,503 shares of the technology company’s stock valued at $636,000 after buying an additional 11,532 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in AT&T by 32.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,435,357 shares of the technology company’s stock valued at $973,833,000 after buying an additional 8,355,686 shares during the period. Luts & Greenleigh Group Inc. raised its holdings in AT&T by 19.6% in the first quarter. Luts & Greenleigh Group Inc. now owns 20,225 shares of the technology company’s stock valued at $572,000 after buying an additional 3,320 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in AT&T by 9.8% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 53,337 shares of the technology company’s stock valued at $1,508,000 after buying an additional 4,770 shares during the period. Finally, GM Advisory Group LLC raised its holdings in AT&T by 281.5% in the first quarter. GM Advisory Group LLC now owns 114,825 shares of the technology company’s stock valued at $3,247,000 after buying an additional 84,723 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $29.4350 on Friday. The company has a market cap of $210.47 billion, a PE ratio of 16.72, a P/E/G ratio of 3.62 and a beta of 0.42. The company has a fifty day moving average price of $27.98 and a two-hundred day moving average price of $27.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a 12 month low of $19.40 and a 12 month high of $29.56.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. AT&T’s payout ratio is 63.07%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. TD Securities raised their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $30.21.

AT&T Company 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.