AT&T Inc. $T Shares Purchased by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 48.5% during the second quarter, Holdings Channel.com reports. The firm owned 34,512 shares of the technology company’s stock after purchasing an additional 11,265 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in AT&T were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in T. Kingstone Capital Partners Texas LLC purchased a new stake in AT&T in the 2nd quarter valued at approximately $5,266,758,000. Nuveen LLC purchased a new stake in shares of AT&T during the 1st quarter worth approximately $1,072,128,000. GQG Partners LLC boosted its stake in shares of AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after acquiring an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in AT&T by 30,527.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after buying an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in AT&T by 350.4% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on T. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. Citigroup restated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Raymond James Financial restated a “strong-buy” rating and set a $33.00 price objective (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. Barclays restated an “equal weight” rating and set a $30.00 price objective on shares of AT&T in a report on Wednesday. Finally, UBS Group set a $33.00 price objective on AT&T in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Performance

NYSE:T opened at $27.06 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a 50-day moving average of $28.60 and a two-hundred day moving average of $27.91. The stock has a market cap of $193.49 billion, a P/E ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79.

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

AT&T Announces Dividend

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

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.