L.M. Kohn & Company Increases Holdings in AT&T Inc. $T

L.M. Kohn & Company increased its holdings in AT&T Inc. (NYSE:T) by 5.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,876 shares of the technology company’s stock after buying an additional 1,013 shares during the period. L.M. Kohn & Company’s holdings in AT&T were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new position in shares of AT&T during the second quarter worth $5,266,758,000. Nuveen LLC acquired a new position in shares of AT&T during the first quarter worth $1,072,128,000. GQG Partners LLC increased its position in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after purchasing an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of AT&T by 30,527.5% during the first 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 in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of AT&T by 350.4% during the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock worth $321,372,000 after purchasing an additional 8,841,126 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on T shares. Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Bank of America started coverage on AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 price target on the stock. Wells Fargo & Company reduced their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. TD Cowen upped their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $30.67.

AT&T Price Performance

NYSE T opened at $25.71 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The stock’s fifty day moving average price is $27.83 and its 200 day moving average price is $27.75. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a market cap of $183.80 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.07 and a beta of 0.42.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders 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 yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

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.