Oregon Public Employees Retirement Fund Has $17.99 Million Holdings in AT&T Inc. $T

Oregon Public Employees Retirement Fund boosted its holdings in shares of AT&T Inc. (NYSE:T) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 621,774 shares of the technology company’s stock after acquiring an additional 3,300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AT&T were worth $17,994,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. David J Yvars Group raised its holdings in AT&T by 2.8% in the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after acquiring an additional 372 shares during the period. AllSquare Wealth Management LLC boosted its stake in AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after purchasing an additional 378 shares during the period. Barnes Wealth Management Group Inc grew its holdings in AT&T by 2.6% in the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after buying an additional 380 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in AT&T by 0.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after buying an additional 381 shares in the last quarter. Finally, James J. Burns & Company LLC increased its position in AT&T by 1.0% during the 2nd quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock worth $1,168,000 after buying an additional 383 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.0%

Shares of AT&T stock opened at $25.85 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The company has a market capitalization of $184.82 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.10 and a beta of 0.42. The firm’s 50-day moving average price is $28.45 and its two-hundred day moving average price is $27.88.

AT&T (NYSE:T) last issued 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. The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on T. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Morgan Stanley boosted 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. Raymond James Financial restated a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Barclays reiterated an “equal weight” rating and issued a $30.00 price target on shares of AT&T in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

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.