Oliver Luxxe Assets LLC Acquires 788 Shares of AT&T Inc. $T

Oliver Luxxe Assets LLC grew its holdings in AT&T Inc. (NYSE:T) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,672 shares of the technology company’s stock after acquiring an additional 788 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in AT&T were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. David J Yvars Group boosted its position in shares of AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after acquiring an additional 372 shares during the period. AllSquare Wealth Management LLC lifted its position in AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after purchasing an additional 378 shares during the period. Next Level Private LLC lifted its position in AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock worth $3,206,000 after purchasing an additional 379 shares during the period. Barnes Wealth Management Group Inc lifted its position in AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after purchasing an additional 380 shares during the period. Finally, Carolinas Wealth Consulting LLC lifted its position in AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after purchasing an additional 384 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on T. The Goldman Sachs Group began coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Sanford C. Bernstein raised their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Thursday, July 24th. Finally, UBS Group set a $33.00 price objective on AT&T in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.74.

AT&T Stock Performance

Shares of NYSE:T opened at $28.92 on Tuesday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The firm 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. 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 business has a fifty day moving average of $28.49 and a 200-day moving average of $27.84.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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