King Luther Capital Management Corp Acquires 94,368 Shares of AT&T Inc. $T

King Luther Capital Management Corp boosted its holdings in shares of AT&T Inc. (NYSE:T) by 5.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,822,635 shares of the technology company’s stock after acquiring an additional 94,368 shares during the period. King Luther Capital Management Corp’s holdings in AT&T were worth $52,747,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Stone House Investment Management LLC bought a new stake in AT&T in the first quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T during the 2nd quarter worth about $26,000. Hager Investment Management Services LLC increased its stake in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Kennebec Savings Bank increased its stake in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after acquiring an additional 783 shares during the last quarter. Finally, Solstein Capital LLC raised its position in shares of AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after acquiring an additional 652 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $24.81 on Friday. 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 market cap of $175.85 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The stock’s 50-day moving average is $27.14 and its 200-day moving average is $27.62. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business 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 for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Williams Trading set a $33.00 price objective on shares of AT&T in a report on Thursday, October 23rd. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Barclays lowered their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Sanford C. Bernstein lifted their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $30.67.

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.