AT&T Inc. $T Stock Holdings Increased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in AT&T Inc. (NYSE:T) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 340,952 shares of the technology company’s stock after buying an additional 5,238 shares during the period. Maryland State Retirement & Pension System’s holdings in AT&T were worth $9,867,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in T. Brighton Jones LLC increased its holdings in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. GAMMA Investing LLC increased its holdings in AT&T by 15.5% in the first quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after buying an additional 22,195 shares during the last quarter. Simplicity Wealth LLC grew its holdings in AT&T by 161.7% during the first quarter. Simplicity Wealth LLC now owns 40,674 shares of the technology company’s stock valued at $1,150,000 after purchasing an additional 25,129 shares during the last quarter. Sanibel Captiva Trust Company Inc. grew its holdings in AT&T by 1.2% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 99,777 shares of the technology company’s stock valued at $2,822,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Kozak & Associates Inc. grew its holdings in AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock valued at $126,000 after purchasing an additional 398 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.3%

Shares of AT&T stock opened at $26.24 on Thursday. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $28.51 and its 200-day simple moving average is $27.90. The company has a market cap of $187.63 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 3.35 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders 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 dividend on an annualized basis and a yield of 4.2%. AT&T’s payout ratio is currently 63.07%.

Analysts Set New Price Targets

Several brokerages have commented on T. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a report on Wednesday. Bank of America began coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price target on the stock. Barclays reiterated an “equal weight” rating and set a $30.00 price target on shares of AT&T in a report on Wednesday, October 1st. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Finally, UBS Group set a $33.00 price target on 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 seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.75.

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.