Bryn Mawr Trust Advisors LLC Raises Stock Position in AT&T Inc. $T

Bryn Mawr Trust Advisors LLC grew its holdings in AT&T Inc. (NYSE:T) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327,329 shares of the technology company’s stock after purchasing an additional 3,883 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in AT&T were worth $9,473,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Stone House Investment Management LLC acquired a new position in shares of AT&T in the first quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC grew its stake in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Kennebec Savings Bank grew its stake in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Solstein Capital LLC increased its holdings in AT&T by 217.3% during the 2nd 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. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.7%

Shares of NYSE:T opened at $24.74 on Friday. The firm has a 50 day simple moving average of $27.23 and a 200-day simple moving average of $27.63. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $175.36 billion, a PE ratio of 8.03, a P/E/G ratio of 2.16 and a beta of 0.40.

AT&T (NYSE:T) last announced its quarterly 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 firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the previous year, the company earned $0.60 earnings per share. AT&T’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on T shares. The Goldman Sachs Group initiated coverage on AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective for the company. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 price target (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Sanford C. Bernstein raised their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, UBS Group reiterated a “buy” rating on shares of AT&T in a research note 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 company. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

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.