Earned Wealth Advisors LLC Buys 1,202 Shares of AT&T Inc. $T

Earned Wealth Advisors LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,756 shares of the technology company’s stock after purchasing an additional 1,202 shares during the quarter. Earned Wealth Advisors LLC’s holdings in AT&T were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of AT&T by 74.9% during the first quarter. Golden State Wealth Management LLC now owns 7,341 shares of the technology company’s stock valued at $208,000 after purchasing an additional 3,143 shares in the last quarter. Keybank National Association OH increased its holdings in AT&T by 0.7% during the first quarter. Keybank National Association OH now owns 1,151,415 shares of the technology company’s stock valued at $32,562,000 after buying an additional 8,195 shares during the period. Pinnacle Financial Partners Inc increased its holdings in AT&T by 9.8% during the first quarter. Pinnacle Financial Partners Inc now owns 85,406 shares of the technology company’s stock valued at $2,356,000 after buying an additional 7,598 shares during the period. Finally, Private Trust Co. NA raised its stake in AT&T by 2.9% in the first quarter. Private Trust Co. NA now owns 63,810 shares of the technology company’s stock worth $1,805,000 after buying an additional 1,777 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $24.66 on Friday. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The company has a market cap of $176.35 billion, a PE ratio of 8.01, a P/E/G ratio of 2.16 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The business has a 50-day simple moving average of $27.65 and a two-hundred day simple moving average of $27.72.

AT&T (NYSE:T) last posted its quarterly earnings data 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 net margin of 17.87% and a return on equity of 12.72%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

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 issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Williams Trading set a $33.00 price target on shares of AT&T in a research report on Thursday, October 23rd. Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Finally, Bank of America initiated coverage on shares of AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock 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.