AT&T Inc. $T Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its holdings in shares of AT&T Inc. (NYSE:T) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,645 shares of the technology company’s stock after acquiring an additional 970 shares during the period. Howe & Rusling Inc.’s holdings in AT&T were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of T. Brighton Jones LLC lifted its holdings in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Yoffe Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $213,000. Occudo Quantitative Strategies LP acquired a new position in shares of AT&T in the fourth quarter valued at approximately $324,000. ProShare Advisors LLC raised its position in shares of AT&T by 14.1% in the fourth quarter. ProShare Advisors LLC now owns 1,063,500 shares of the technology company’s stock valued at $24,216,000 after buying an additional 131,702 shares during the last quarter. Finally, Redwood Financial Network Corp acquired a new position in shares of AT&T in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $29.59 on Friday. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The company has a 50 day moving average price of $28.31 and a 200 day moving average price of $27.73. The firm has a market capitalization of $211.58 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 3.67 and a beta of 0.44.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping 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 firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. AT&T’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given 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 yield of 3.8%. AT&T’s dividend payout ratio is 63.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Scotiabank boosted their price objective on shares of AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research report on Friday, July 11th. Raymond James Financial reissued a “strong-buy” rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Thursday, July 24th. Morgan Stanley boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.60.

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.