Stephens Inc. AR Has $21.04 Million Stock Position in AT&T Inc. $T

Stephens Inc. AR reduced its holdings in AT&T Inc. (NYSE:T) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,911 shares of the technology company’s stock after selling 38,207 shares during the period. Stephens Inc. AR’s holdings in AT&T were worth $21,037,000 at the end of the most recent reporting period.

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

AT&T Stock Up 0.5%

Shares of AT&T stock opened at $26.33 on Monday. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a 50 day moving average price of $28.27 and a two-hundred day moving average price of $27.80. The stock has a market capitalization of $188.24 billion, a P/E ratio of 14.96, a PEG ratio of 2.13 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings data 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 business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s payout ratio is presently 63.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on T. Bank of America started coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. Morgan Stanley upped their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. UBS Group set a $33.00 price target on AT&T in a research note on Thursday, September 18th. Finally, Sanford C. Bernstein raised their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.65.

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.