Stablepoint Partners LLC Purchases 2,239 Shares of AT&T Inc. $T

Stablepoint Partners LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,178 shares of the technology company’s stock after acquiring an additional 2,239 shares during the quarter. AT&T makes up about 1.2% of Stablepoint Partners LLC’s investment portfolio, making the stock its 16th biggest position. Stablepoint Partners LLC’s holdings in AT&T were worth $7,182,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares during the last quarter. XTX Topco Ltd purchased a new position in AT&T during the first quarter valued at $1,369,000. Modera Wealth Management LLC increased its holdings in AT&T by 2.5% in the 1st quarter. Modera Wealth Management LLC now owns 55,450 shares of the technology company’s stock valued at $1,568,000 after acquiring an additional 1,368 shares during the last quarter. Davis R M Inc. increased its holdings in AT&T by 13.1% in the 1st quarter. Davis R M Inc. now owns 37,774 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 4,384 shares during the last quarter. Finally, Hoxton Planning & Management LLC purchased a new stake in AT&T in the 1st quarter worth $257,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. Williams Trading set a $33.00 price objective on AT&T in a research report on Thursday, October 23rd. Wells Fargo & Company reduced their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. 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 for the company. Finally, Sanford C. Bernstein upped their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.64.

AT&T Price Performance

Shares of AT&T stock opened at $25.99 on Friday. The stock has a market cap of $184.25 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. 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 stock has a 50 day moving average price of $26.02 and a 200-day moving average price of $27.42. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) 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.