HC Financial Advisors Inc. bought a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 54,985 shares of the technology company’s stock, valued at approximately $1,766,000. AT&T makes up approximately 1.7% of HC Financial Advisors Inc.’s portfolio, making the stock its 25th largest holding.
Several other large investors have also recently made changes to their positions in T. Keeler Thomas Management LLC grew its stake in shares of AT&T by 17.0% in the 2nd quarter. Keeler Thomas Management LLC now owns 17,042 shares of the technology company’s stock worth $547,000 after buying an additional 2,479 shares during the last quarter. Wellington Shields Capital Management LLC grew its stake in shares of AT&T by 7.3% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 178,398 shares of the technology company’s stock worth $5,728,000 after buying an additional 12,166 shares during the last quarter. Perkins Capital Management Inc. grew its stake in shares of AT&T by 6.8% in the 2nd quarter. Perkins Capital Management Inc. now owns 34,762 shares of the technology company’s stock worth $1,116,000 after buying an additional 2,200 shares during the last quarter. Emerald Investment Partners LLC purchased a new stake in shares of AT&T in the 2nd quarter worth approximately $283,000. Finally, Capital Management Associates NY grew its stake in shares of AT&T by 5.2% in the 2nd quarter. Capital Management Associates NY now owns 33,221 shares of the technology company’s stock worth $1,067,000 after buying an additional 1,646 shares during the last quarter. 64.72% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on T. Raymond James downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price target on the stock. in a research note on Friday, July 13th. Bank of America restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 21st. Barclays set a $33.00 price target on AT&T and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Deutsche Bank upped their price target on AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 24th. Finally, Scotiabank set a $33.00 price target on AT&T and gave the stock a “hold” rating in a research note on Monday, July 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. AT&T currently has a consensus rating of “Hold” and an average target price of $37.82.
In other news, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were purchased at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the purchase, the director now directly owns 31,405 shares in the company, valued at approximately $1,020,034.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew K. Rose purchased 65,500 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was purchased at an average price of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the purchase, the director now owns 81,319 shares in the company, valued at $2,481,042.69. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.
Shares of T opened at $32.87 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. AT&T Inc. has a 12 month low of $30.13 and a 12 month high of $39.33. The firm has a market cap of $199.52 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.40.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The firm had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $38.45 billion. AT&T had a return on equity of 13.64% and a net margin of 20.12%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. On average, equities research analysts expect that AT&T Inc. will post 3.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.08%. AT&T’s dividend payout ratio (DPR) is currently 65.57%.
AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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