LexAurum Advisors LLC Buys 1,964 Shares of AT&T Inc. $T

LexAurum Advisors LLC raised its stake in AT&T Inc. (NYSE:T) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,045 shares of the technology company’s stock after acquiring an additional 1,964 shares during the quarter. LexAurum Advisors LLC’s holdings in AT&T were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. David J Yvars Group boosted its stake in shares of AT&T by 2.8% during the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after purchasing an additional 372 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after purchasing an additional 378 shares in the last quarter. Next Level Private LLC boosted its stake in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock valued at $3,206,000 after purchasing an additional 379 shares in the last quarter. Barnes Wealth Management Group Inc boosted its stake in shares of AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after purchasing an additional 380 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of AT&T by 0.8% during the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.8%

Shares of T stock opened at $28.07 on Tuesday. The company has a market cap of $200.71 billion, a P/E ratio of 15.95, a PEG ratio of 3.62 and a beta of 0.44. The stock has a 50 day simple moving average of $28.62 and a two-hundred day simple moving average of $27.91. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping 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 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 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 63.07%.

Analysts Set New Price Targets

A number of analysts have recently commented on T shares. JPMorgan Chase & Co. lifted their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Hsbc Global Res lowered AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Bank of America began coverage on AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. Sanford C. Bernstein raised their price objective on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Finally, UBS Group set a $33.00 price objective on AT&T in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.