Childress Capital Advisors LLC Has $740,000 Position in AT&T Inc. $T

Childress Capital Advisors LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 30.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,576 shares of the technology company’s stock after purchasing an additional 6,002 shares during the quarter. Childress Capital Advisors LLC’s holdings in AT&T were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of T. Kingstone Capital Partners Texas LLC bought a new position in AT&T in the second quarter valued at approximately $5,266,758,000. Nuveen LLC bought a new position in AT&T in the first quarter valued at approximately $1,072,128,000. GQG Partners LLC lifted its stake in 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 lifted its stake in AT&T by 30,527.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after buying an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in AT&T by 350.4% in the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after buying an additional 8,841,126 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $28.25 on Wednesday. The company’s fifty day simple moving average is $28.64 and its 200-day simple moving average is $27.91. 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 has a market cap of $202.00 billion, a PE ratio of 16.05, a P/E/G ratio of 3.59 and a beta of 0.44. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

Analysts Set New Price Targets

A number of brokerages have weighed in on T. UBS Group set a $33.00 price target on shares of AT&T in a research note on Thursday, September 18th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Scotiabank lifted their price target on shares of AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. Finally, Bank of America initiated coverage on shares of AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.