AT&T Inc. $T Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of AT&T Inc. (NYSE:T) by 3.0% in the 2nd quarter, Holdings Channel reports. The fund owned 524,603 shares of the technology company’s stock after acquiring an additional 15,271 shares during the period. Blair William & Co. IL’s holdings in AT&T were worth $15,182,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Stone House Investment Management LLC bought a new stake in shares of AT&T in the first quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of AT&T in the 2nd quarter worth about $26,000. Kennebec Savings Bank raised its stake in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Hager Investment Management Services LLC lifted its position in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of AT&T during the first quarter worth about $29,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE T opened at $25.85 on Friday. The company has a 50 day simple moving average of $28.45 and a 200-day simple moving average of $27.88. The firm has a market capitalization of $184.82 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.42. 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 current ratio of 0.81 and a quick ratio of 0.76.

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

AT&T Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is currently 63.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on T shares. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted 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. Scotiabank set a $30.25 target price on AT&T and gave the stock a “sector perform” rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $30.75.

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.