Quantum Financial Advisors LLC Acquires 401 Shares of AT&T Inc. $T

Quantum Financial Advisors LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,985 shares of the technology company’s stock after buying an additional 401 shares during the quarter. Quantum Financial Advisors LLC’s holdings in AT&T were worth $810,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in AT&T during the 4th quarter worth about $25,000. Stone House Investment Management LLC bought a new stake in shares of AT&T during the first quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T in the second quarter worth about $26,000. Putney Financial Group LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $27,000. Finally, Hager Investment Management Services LLC boosted its position in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after acquiring an additional 641 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Bank of America started coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a research report on Thursday. Sanford C. Bernstein lifted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Stock Performance

Shares of T stock opened at $29.04 on Friday. The company has a market capitalization of $207.65 billion, a P/E ratio of 16.50, a PEG ratio of 3.59 and a beta of 0.44. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week 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 stock has a 50 day moving average price of $28.45 and a two-hundred day moving average price of $27.82.

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, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. Analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

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.