Aptus Capital Advisors LLC Has $3.87 Million Position in AT&T Inc. $T

Aptus Capital Advisors LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,883 shares of the technology company’s stock after buying an additional 13,613 shares during the quarter. Aptus Capital Advisors LLC’s holdings in AT&T were worth $3,871,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capstone Wealth Management LLC acquired a new position in shares of AT&T during the 1st quarter worth about $201,000. DigitalBridge Group Inc. grew its position in shares of AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock worth $65,255,000 after buying an additional 365,776 shares during the period. Wedmont Private Capital grew its position in shares of AT&T by 7.9% during the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock worth $3,302,000 after buying an additional 9,027 shares during the period. Xponance Inc. grew its position in shares of AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock worth $31,389,000 after buying an additional 102,419 shares during the period. Finally, NBT Bank N A NY grew its position in shares of AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock worth $3,660,000 after buying an additional 8,989 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on T. Tigress Financial lifted their price objective on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Evercore ISI lifted their price objective on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Scotiabank lifted their price objective on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a report on Friday, July 11th. Finally, HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.21.

AT&T Trading Up 0.1%

NYSE T opened at $28.9480 on Wednesday. The stock has a market capitalization of $206.99 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 3.58 and a beta of 0.42. The stock’s 50 day moving average price is $27.94 and its two-hundred day moving average price is $27.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a 52 week low of $19.39 and a 52 week high of $29.19.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T’s dividend payout ratio is currently 63.07%.

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.