One Capital Management LLC Has $9.20 Million Stock Position in AT&T Inc. (NYSE:T)

One Capital Management LLC lifted its holdings in AT&T Inc. (NYSE:T) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 481,598 shares of the technology company’s stock after purchasing an additional 70,365 shares during the period. One Capital Management LLC’s holdings in AT&T were worth $9,203,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of AT&T in the fourth quarter worth about $11,554,000. Clearbridge Investments LLC lifted its holdings in AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 48,091 shares during the last quarter. Skopos Labs Inc. bought a new stake in AT&T during the fourth quarter worth approximately $839,000. Wealth Enhancement Advisory Services LLC grew its holdings in AT&T by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock valued at $19,827,000 after purchasing an additional 43,062 shares during the last quarter. Finally, M&G Plc bought a new position in shares of AT&T in the first quarter valued at approximately $9,074,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of AT&T stock opened at $21.64 on Monday. The firm has a market cap of $155.16 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 3.68 and a beta of 0.59. The firm’s 50-day simple moving average is $19.59 and its 200-day simple moving average is $18.19. AT&T Inc. has a twelve month low of $14.12 and a twelve month high of $21.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts expect that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.13%. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several analysts recently issued reports on T shares. Royal Bank of Canada upped their price objective on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Oppenheimer raised their price target on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Evercore ISI boosted their price objective on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. Citigroup increased their target price on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Barclays lifted their price target on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.