Liberty Square Wealth Partners LLC Has $455,000 Position in AT&T Inc. $T

Liberty Square Wealth Partners LLC raised its position in AT&T Inc. (NYSE:T) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,728 shares of the technology company’s stock after purchasing an additional 543 shares during the quarter. Liberty Square Wealth Partners LLC’s holdings in AT&T were worth $455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in T. Kingstone Capital Partners Texas LLC bought a new position in shares of AT&T during the second quarter valued at $5,266,758,000. Nuveen LLC bought a new stake in shares of AT&T in the first quarter worth $1,072,128,000. GQG Partners LLC increased its holdings in AT&T by 17.7% in 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 raised its position in 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 during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in AT&T by 350.4% during the 1st quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock worth $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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on T. Scotiabank set a $30.25 price target on AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Sanford C. Bernstein raised their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 price objective (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.65.

AT&T Price Performance

AT&T stock opened at $26.33 on Monday. The stock has a market capitalization of $188.24 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.13 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 quick ratio of 0.76 and a current ratio of 0.81. The stock’s 50 day moving average price is $28.27 and its two-hundred day moving average price is $27.80.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company 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%. AT&T’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 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.