Relyea Zuckerberg Hanson LLC Has $661,000 Stock Position in AT&T Inc. $T

Relyea Zuckerberg Hanson LLC boosted its holdings in AT&T Inc. (NYSE:T) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,838 shares of the technology company’s stock after purchasing an additional 947 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in AT&T were worth $661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in AT&T during the second quarter worth $5,266,758,000. Nuveen LLC acquired a new position in shares of AT&T during the first quarter valued at about $1,072,128,000. GQG Partners LLC raised its holdings in shares of AT&T by 17.7% during 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 purchasing an additional 17,177,874 shares during the period. Ontario Teachers Pension Plan Board boosted its position in shares of AT&T by 30,527.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after purchasing an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of AT&T by 350.4% in the 1st 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 during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 0.2%

Shares of AT&T stock opened at $27.06 on Monday. The company has a market capitalization of $193.49 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. The stock has a fifty day simple moving average of $28.60 and a 200 day simple moving average of $27.93. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $30.44 billion. During the same period last year, the business earned $0.51 EPS. The business’s revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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 given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is presently 63.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on T shares. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Bank of America started coverage on AT&T in a research report on Monday, July 7th. 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. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Finally, Wells Fargo & Company raised their price objective on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T 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.