Omnia Family Wealth LLC Purchases 1,256 Shares of AT&T Inc. $T

Omnia Family Wealth LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,673 shares of the technology company’s stock after acquiring an additional 1,256 shares during the period. Omnia Family Wealth LLC’s holdings in AT&T were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC boosted its holdings in AT&T by 4.7% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 27,849 shares of the technology company’s stock worth $806,000 after purchasing an additional 1,247 shares during the last quarter. WealthPlan Investment Management LLC boosted its holdings in AT&T by 21.1% in the second quarter. WealthPlan Investment Management LLC now owns 12,012 shares of the technology company’s stock worth $348,000 after purchasing an additional 2,092 shares during the last quarter. Bridges Investment Management Inc. boosted its holdings in AT&T by 5.2% in the second quarter. Bridges Investment Management Inc. now owns 40,652 shares of the technology company’s stock worth $1,176,000 after purchasing an additional 1,999 shares during the last quarter. Uptick Partners LLC boosted its holdings in AT&T by 9.4% in the second quarter. Uptick Partners LLC now owns 8,468 shares of the technology company’s stock worth $245,000 after purchasing an additional 729 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its holdings in AT&T by 135.1% in the second quarter. Duncker Streett & Co. Inc. now owns 20,212 shares of the technology company’s stock worth $585,000 after purchasing an additional 11,613 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Bank of America assumed coverage on shares of AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Trading Down 0.2%

Shares of AT&T stock opened at $26.07 on Thursday. The company’s fifty day simple moving average is $28.34 and its 200-day simple moving average is $27.84. The stock has a market capitalization of $186.43 billion, a PE ratio of 14.81, a P/E/G ratio of 2.12 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 current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion for 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 company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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