Kure Advisory LLC Makes New Investment in AT&T Inc. $T

Kure Advisory LLC acquired a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, Holdings Channel reports. The fund acquired 6,925 shares of the technology company’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently bought and sold shares of T. Capital A Wealth Management LLC purchased a new position in AT&T during the 4th quarter worth $25,000. Stone House Investment Management LLC purchased a new position in AT&T during the 1st quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T during the 2nd quarter worth $26,000. Putney Financial Group LLC purchased a new position in AT&T during the 4th quarter worth $27,000. Finally, Hager Investment Management Services LLC boosted its holdings in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on T shares. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price target (up from $31.00) on shares of AT&T in a report on Thursday. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Thursday, July 24th. UBS Group set a $33.00 price target on shares of AT&T in a report on Thursday. The Goldman Sachs Group started coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Scotiabank boosted their price target on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a report on Friday, July 11th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.74.

AT&T Price Performance

NYSE T opened at $28.92 on Tuesday. The company has a market cap of $206.79 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm’s 50-day simple moving average is $28.49 and its two-hundred day simple moving average is $27.84.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders 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 yield of 3.8%. AT&T’s dividend payout ratio is 63.07%.

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.