MASTERINVEST Kapitalanlage GmbH Takes Position in AT&T Inc. $T

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, HoldingsChannel reports. The firm bought 115,931 shares of the technology company’s stock, valued at approximately $3,355,000.

Other large investors also recently modified their holdings of the company. J. L. Bainbridge & Co. Inc. lifted its holdings in AT&T by 1.7% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after buying an additional 355 shares during the period. Financial & Tax Architects LLC raised its holdings in shares of AT&T by 4.9% during the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after acquiring an additional 356 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its holdings in shares of AT&T by 2.0% during the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after acquiring an additional 357 shares in the last quarter. Investment Partners LTD. lifted its stake in AT&T by 3.5% in 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. Finally, Parcion Private Wealth LLC boosted its holdings in AT&T by 2.5% in the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after acquiring an additional 364 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 11th. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Sanford C. Bernstein lifted their price objective on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Williams Trading set a $33.00 target price on AT&T in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Up 1.1%

Shares of NYSE T opened at $24.57 on Friday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. 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 firm has a 50-day moving average of $25.41 and a 200 day moving average of $27.26. The stock has a market cap of $174.20 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.44 and a beta of 0.38.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s payout ratio is presently 36.04%.

About AT&T

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.