Iron Horse Wealth Management LLC Has $127,000 Holdings in AT&T Inc. $T

Iron Horse Wealth Management LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,378 shares of the technology company’s stock after buying an additional 973 shares during the period. Iron Horse Wealth Management LLC’s holdings in AT&T were worth $127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp increased its holdings in shares of AT&T by 1.5% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after purchasing an additional 4,793 shares during the period. Capstone Wealth Management LLC acquired a new position in shares of AT&T in the 1st quarter valued at about $201,000. ASR Vermogensbeheer N.V. increased its holdings in shares of AT&T by 1.4% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock valued at $20,910,000 after purchasing an additional 9,970 shares during the period. Wedmont Private Capital increased its holdings in shares of AT&T by 7.9% in the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock valued at $3,302,000 after purchasing an additional 9,027 shares during the period. Finally, Xponance Inc. increased its holdings in shares of AT&T by 10.2% in the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock valued at $31,389,000 after purchasing an additional 102,419 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.2%

T opened at $27.06 on Friday. The business has a 50 day moving average price of $28.60 and a 200 day moving average price of $27.92. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. 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 has a market cap of $193.49 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42.

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

AT&T Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. UBS Group set a $33.00 target price on AT&T in a report on Thursday, September 18th. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price target (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.