Interchange Capital Partners LLC Buys 976 Shares of AT&T Inc. $T

Interchange Capital Partners LLC raised its holdings in AT&T Inc. (NYSE:T) by 13.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,073 shares of the technology company’s stock after buying an additional 976 shares during the quarter. Interchange Capital Partners LLC’s holdings in AT&T were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in AT&T by 30.2% in the 2nd quarter. Brighton Jones LLC now owns 60,910 shares of the technology company’s stock valued at $1,763,000 after buying an additional 14,117 shares during the period. Leavell Investment Management Inc. increased its holdings in AT&T by 31.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 74,130 shares of the technology company’s stock valued at $2,145,000 after buying an additional 17,663 shares during the period. Brian Low Financial Group LLC bought a new stake in AT&T in the 2nd quarter valued at $247,000. AG2R LA Mondiale Gestion D Actifs increased its holdings in AT&T by 0.7% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 267,404 shares of the technology company’s stock valued at $7,739,000 after buying an additional 1,908 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in AT&T by 19.5% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 158,616 shares of the technology company’s stock valued at $4,586,000 after buying an additional 25,902 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 2.2%

Shares of NYSE:T opened at $25.17 on Monday. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79. The company’s 50-day moving average price is $27.97 and its two-hundred day moving average price is $27.76. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm has a market cap of $179.95 billion, a P/E ratio of 8.17, a P/E/G ratio of 2.03 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T’s dividend payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein boosted their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Morgan Stanley upped 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. JPMorgan Chase & Co. upped 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, Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

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.