Financial Partners Group Inc purchased a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,451 shares of the technology company’s stock, valued at approximately $271,000.
A number of other large investors have also recently added to or reduced their stakes in T. CKW Financial Group raised its stake in shares of AT&T by 105.0% during the second quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after buying an additional 2,159 shares during the last quarter. Braun Bostich & Associates Inc. bought a new stake in shares of AT&T during the first quarter worth approximately $137,000. Elmwood Wealth Management Inc. bought a new stake in shares of AT&T during the first quarter worth approximately $178,000. Cerebellum GP LLC bought a new stake in shares of AT&T during the second quarter worth approximately $178,000. Finally, Bristol John W & Co. Inc. NY bought a new stake in shares of AT&T during the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 64.77% of the company’s stock.
A number of research firms recently weighed in on T. Deutsche Bank boosted their price target on shares of AT&T from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 24th. Zacks Investment Research downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Barclays set a $33.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Wednesday, October 10th. UBS Group raised shares of AT&T from a “neutral” rating to a “buy” rating and upped their target price for the company from $33.00 to $38.00 in a research note on Friday, September 21st. They noted that the move was a valuation call. Finally, ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.95.
Shares of T opened at $29.64 on Tuesday. AT&T Inc. has a 12 month low of $28.85 and a 12 month high of $39.33. The firm has a market cap of $178.58 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 2.33 and a beta of 0.39. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The firm had revenue of $45.74 billion during the quarter, compared to analyst estimates of $45.73 billion. AT&T had a net margin of 20.40% and a return on equity of 13.61%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. As a group, equities research analysts predict that AT&T Inc. will post 3.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date is Tuesday, October 9th. AT&T’s dividend payout ratio 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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