Yeomans Consulting Group Inc. Buys 761 Shares of AT&T Inc. $T

Yeomans Consulting Group Inc. raised its stake in AT&T Inc. (NYSE:T) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,127 shares of the technology company’s stock after buying an additional 761 shares during the period. Yeomans Consulting Group Inc.’s holdings in AT&T were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new stake in AT&T in the second quarter valued at approximately $5,266,758,000. Nuveen LLC bought a new stake in shares of AT&T in the 1st quarter valued at $1,072,128,000. GQG Partners LLC increased its position in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after buying an additional 17,177,874 shares during the period. Ontario Teachers Pension Plan Board raised its stake in AT&T by 30,527.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after buying an additional 11,920,392 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in AT&T by 350.4% in the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after buying an additional 8,841,126 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 2.1%

AT&T stock opened at $26.99 on Friday. The stock has a market cap of $192.95 billion, a P/E ratio of 15.33, a PEG ratio of 3.53 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The firm’s fifty day moving average price is $28.62 and its 200-day moving average price is $27.91. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is currently 63.07%.

Analyst Ratings Changes

A number of analysts have weighed in on T shares. Bank of America assumed coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price target for the company. Morgan Stanley boosted their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Thursday, July 24th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group initiated coverage on shares of AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $30.74.

AT&T 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.