AT&T Inc. (NYSE:T) Shares Acquired by Liberty Wealth Management LLC

Liberty Wealth Management LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 42.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,968 shares of the technology company’s stock after purchasing an additional 9,267 shares during the quarter. AT&T comprises 0.9% of Liberty Wealth Management LLC’s portfolio, making the stock its 15th largest position. Liberty Wealth Management LLC’s holdings in AT&T were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. JGP Wealth Management LLC grew its holdings in AT&T by 2.7% in the 2nd quarter. JGP Wealth Management LLC now owns 130,198 shares of the technology company’s stock worth $4,363,000 after buying an additional 3,373 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in AT&T by 12.8% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 156,190 shares of the technology company’s stock worth $5,234,000 after buying an additional 17,734 shares in the last quarter. Norway Savings Bank grew its holdings in AT&T by 3.2% in the 2nd quarter. Norway Savings Bank now owns 21,838 shares of the technology company’s stock worth $732,000 after buying an additional 668 shares in the last quarter. BHK Investment Advisors LLC grew its holdings in AT&T by 6.4% in the 4th quarter. BHK Investment Advisors LLC now owns 20,237 shares of the technology company’s stock worth $578,000 after buying an additional 1,217 shares in the last quarter. Finally, Mascoma Wealth Management LLC grew its holdings in AT&T by 9.8% in the 4th quarter. Mascoma Wealth Management LLC now owns 48,334 shares of the technology company’s stock worth $1,379,000 after buying an additional 4,331 shares in the last quarter. Institutional investors and hedge funds own 53.05% of the company’s stock.

NYSE T traded down $0.33 on Wednesday, reaching $34.53. 389,075 shares of the stock traded hands, compared to its average volume of 30,340,383. The stock’s fifty day moving average price is $33.71. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $252.38 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 2.16 and a beta of 0.62. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $34.96.



AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. The firm had revenue of $44.96 billion during the quarter, compared to analyst estimates of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Research analysts predict that AT&T Inc. will post 3.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Tuesday, July 9th. AT&T’s payout ratio is currently 57.95%.

T has been the subject of a number of recent analyst reports. ValuEngine lowered AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Bank of America reissued a “buy” rating and issued a $37.00 price objective on shares of AT&T in a report on Monday, June 24th. Cowen increased their price objective on AT&T from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Credit Suisse Group raised AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective for the company in a report on Thursday, July 25th. Finally, Morgan Stanley reissued a “buy” rating and issued a $37.00 price objective on shares of AT&T in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.72.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total transaction of $137,419.60. Following the completion of the transaction, the chief executive officer now directly owns 2,366 shares of the company’s stock, valued at approximately $80,798.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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