AT&T Inc. $T Shares Acquired by Jackson Wealth Management LLC

Jackson Wealth Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,682 shares of the technology company’s stock after buying an additional 770 shares during the period. Jackson Wealth Management LLC’s holdings in AT&T were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp raised its position in shares of AT&T by 1.5% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after buying an additional 4,793 shares during the last quarter. Capstone Wealth Management LLC purchased a new stake in shares of AT&T in the first quarter valued at about $201,000. ASR Vermogensbeheer N.V. grew its holdings in shares of AT&T by 1.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock valued at $20,910,000 after purchasing an additional 9,970 shares during the period. Wedmont Private Capital grew its holdings in shares of AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock valued at $3,302,000 after purchasing an additional 9,027 shares during the period. Finally, Xponance Inc. grew its holdings in shares of AT&T by 10.2% in the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock valued at $31,389,000 after purchasing an additional 102,419 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Saturday, September 27th. Morgan Stanley upped their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.74.

AT&T Stock Up 0.2%

Shares of T opened at $27.06 on Friday. The stock has a market capitalization of $193.49 billion, a PE ratio of 15.38, a P/E/G ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 1 year low of $21.05 and a 1 year 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 company’s 50-day simple moving average is $28.60 and its 200-day simple moving average is $27.91.

AT&T (NYSE:T) last issued its quarterly earnings results 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 for 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 business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.1%. AT&T’s dividend payout ratio (DPR) is 63.07%.

About AT&T

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.