Woodward Diversified Capital LLC Raises Stock Holdings in AT&T Inc. $T

Woodward Diversified Capital LLC raised its stake in AT&T Inc. (NYSE:T) by 22.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,407 shares of the technology company’s stock after buying an additional 10,046 shares during the quarter. AT&T comprises about 0.8% of Woodward Diversified Capital LLC’s portfolio, making the stock its 28th biggest holding. Woodward Diversified Capital LLC’s holdings in AT&T were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of T. Stone House Investment Management LLC acquired a new stake in AT&T in the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC grew its stake in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after buying an additional 641 shares in the last quarter. Core Alternative Capital raised its holdings in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after buying an additional 568 shares during the period. Finally, IMA Advisory Services Inc. acquired a new position in AT&T during the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several research reports. Morgan Stanley lifted their target price on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group initiated coverage on shares of AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Wells Fargo & Company boosted their price target on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $30.74.

AT&T Trading Down 2.5%

NYSE T opened at $27.55 on Thursday. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The firm has a 50 day moving average of $28.63 and a two-hundred day moving average of $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 stock has a market capitalization of $196.96 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42.

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

AT&T Dividend Announcement

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

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.