AT&T Inc. $T Shares Bought by Chicago Capital LLC

Chicago Capital LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 36,012 shares of the technology company’s stock after purchasing an additional 407 shares during the period. Chicago Capital LLC’s holdings in AT&T were worth $1,042,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in T. Capstone Wealth Management LLC purchased a new stake in AT&T during the first quarter valued at about $201,000. Wedmont Private Capital boosted its stake in AT&T by 7.9% in the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock worth $3,302,000 after purchasing an additional 9,027 shares during the period. Xponance Inc. grew its position in AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock worth $31,389,000 after purchasing an additional 102,419 shares in the last quarter. NBT Bank N A NY raised its stake in AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock valued at $3,660,000 after purchasing an additional 8,989 shares during the period. Finally, Park Edge Advisors LLC purchased a new stake in shares of AT&T in the first quarter valued at $1,000,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $28.25 on Wednesday. The business’s 50-day simple moving average is $28.64 and its 200-day simple moving average is $27.91. AT&T Inc. has a 52 week low of $21.05 and a 52 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 firm has a market cap of $202.00 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 3.59 and a beta of 0.44.

AT&T (NYSE:T) last announced its 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. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 63.07%.

Wall Street Analyst Weigh In

T has been the topic of several recent analyst reports. UBS Group set a $33.00 price target on AT&T in a research report on Thursday, September 18th. 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 research report on Thursday, July 10th. Citigroup restated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Bank of America started coverage on shares of AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.