Avaii Wealth Management LLC Has $410,000 Stake in AT&T Inc. $T

Avaii Wealth Management LLC increased its position in shares of AT&T Inc. (NYSE:T) by 3.2% in the second quarter, Holdings Channel reports. The institutional investor owned 14,164 shares of the technology company’s stock after buying an additional 444 shares during the period. Avaii Wealth Management LLC’s holdings in AT&T were worth $410,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in AT&T during the second quarter worth about $5,266,758,000. Nuveen LLC acquired a new stake in shares of AT&T in the 1st quarter valued at approximately $1,072,128,000. GQG Partners LLC grew its stake in shares of AT&T by 17.7% in the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after buying an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in AT&T by 30,527.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after buying an additional 11,920,392 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in AT&T by 350.4% during the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock worth $321,372,000 after acquiring an additional 8,841,126 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $28.34 on Thursday. The company has a market capitalization of $202.63 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 3.69 and a beta of 0.44. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The stock’s 50 day moving average is $28.55 and its 200-day moving average is $27.85.

AT&T (NYSE:T) last released 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 return on equity of 13.36% and a net margin of 10.29%.The business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group set a $33.00 price objective on shares of AT&T in a research note on Thursday, September 18th. Wells Fargo & Company lifted their price target on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Hsbc Global Res lowered AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Morgan Stanley lifted their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Thursday, July 24th. One equities 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 stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.74.

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.