Signature Estate & Investment Advisors LLC Buys 1,311 Shares of AT&T Inc. $T

Signature Estate & Investment Advisors LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 40,044 shares of the technology company’s stock after purchasing an additional 1,311 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in AT&T were worth $1,159,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quotient Wealth Partners LLC raised its stake in shares of AT&T by 6.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 48,579 shares of the technology company’s stock valued at $1,406,000 after purchasing an additional 2,754 shares during the period. Aspiriant LLC increased its stake in AT&T by 9.1% in the 2nd quarter. Aspiriant LLC now owns 8,956 shares of the technology company’s stock worth $259,000 after acquiring an additional 745 shares during the last quarter. Rodgers & Associates LTD increased its stake in AT&T by 6.9% in the 2nd quarter. Rodgers & Associates LTD now owns 10,000 shares of the technology company’s stock worth $289,000 after acquiring an additional 649 shares during the last quarter. Kanawha Capital Management LLC increased its stake in AT&T by 1.8% in the 2nd quarter. Kanawha Capital Management LLC now owns 110,272 shares of the technology company’s stock worth $3,191,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its stake in AT&T by 1.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 3,833,431 shares of the technology company’s stock worth $110,939,000 after acquiring an additional 36,964 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on T shares. Raymond James Financial restated a “strong-buy” rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Bank of America started coverage on AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 target price on the stock. Barclays restated an “equal weight” rating and issued a $30.00 target price on shares of AT&T in a research note on Wednesday, October 1st. Scotiabank set a $30.25 target price on AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. Finally, Sanford C. Bernstein upped their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.65.

AT&T Price Performance

Shares of AT&T stock opened at $26.33 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $188.24 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42. The business’s 50-day moving average price is $28.27 and its 200-day moving average price is $27.80. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

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 analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.2%. AT&T’s dividend payout ratio is currently 63.07%.

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.