AT&T Inc. $T Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 45.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 655,071 shares of the technology company’s stock after buying an additional 204,178 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in AT&T were worth $18,958,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in T. Front Row Advisors LLC purchased a new position in shares of AT&T during the 2nd quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T in the second quarter valued at about $26,000. Kennebec Savings Bank increased its position in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the last quarter. Solstein Capital LLC raised its stake in AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares during the period. Finally, Curio Wealth LLC raised its stake in AT&T by 26,100.0% during the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on T. Barclays dropped their price target on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. The Goldman Sachs Group began coverage on AT&T in a research note on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price for the company. Morgan Stanley reduced their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, TD Cowen raised their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Up 1.1%

T opened at $24.57 on Friday. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. 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 business has a fifty day simple moving average of $25.41 and a 200-day simple moving average of $27.26. The firm has a market cap of $174.20 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.44 and a beta of 0.38.

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. The firm had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.AT&T’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders 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 dividend yield of 4.5%. 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.