7,874 Shares in AT&T Inc. $T Purchased by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC acquired a new position in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,874 shares of the technology company’s stock, valued at approximately $228,000.

Several other hedge funds have also recently modified their holdings of T. Clearstead Trust LLC grew its holdings in shares of AT&T by 27.3% in the second quarter. Clearstead Trust LLC now owns 11,306 shares of the technology company’s stock valued at $327,000 after acquiring an additional 2,428 shares in the last quarter. Investment Partners LTD. lifted its holdings in AT&T by 3.5% during the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after acquiring an additional 357 shares during the period. Avalon Trust Co boosted its position in AT&T by 373.6% in the second quarter. Avalon Trust Co now owns 7,516 shares of the technology company’s stock worth $218,000 after purchasing an additional 5,929 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in AT&T in the 2nd quarter valued at $219,000. Finally, D Orazio & Associates Inc. grew its stake in AT&T by 3.1% in the 2nd quarter. D Orazio & Associates Inc. now owns 22,723 shares of the technology company’s stock valued at $658,000 after purchasing an additional 675 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. Barclays lowered their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

AT&T Stock Up 0.2%

AT&T stock opened at $25.71 on Friday. The firm has a 50 day simple moving average of $26.83 and a 200 day simple moving average of $27.57. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The firm has a market capitalization of $182.23 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 2.16 and a beta of 0.40.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

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.