Bartlett & CO. Wealth Management LLC Purchases 4,058 Shares of AT&T Inc. $T

Bartlett & CO. Wealth Management LLC lifted its holdings in AT&T Inc. (NYSE:T) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,207 shares of the technology company’s stock after acquiring an additional 4,058 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in AT&T were worth $3,450,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in AT&T in the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of AT&T during the second quarter valued at approximately $26,000. Hager Investment Management Services LLC increased its holdings in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. Core Alternative Capital raised its position in AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after purchasing an additional 568 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in AT&T during the 1st quarter worth $29,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $27.55 on Thursday. The stock has a market cap of $196.96 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42. The stock has a 50-day moving average of $28.63 and a 200-day moving average of $27.91. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T’s dividend payout ratio is currently 63.07%.

Analysts Set New Price Targets

Several research firms have recently commented on T. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. The Goldman Sachs Group started coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Barclays restated an “equal weight” rating and set a $30.00 target price on shares of AT&T in a research report on Wednesday. Scotiabank lifted their price target on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Finally, UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Company 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.