Argyle Capital Management LLC Has $4.40 Million Holdings in AT&T Inc. $T

Argyle Capital Management LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,924 shares of the technology company’s stock after selling 1,920 shares during the period. AT&T accounts for 1.6% of Argyle Capital Management LLC’s holdings, making the stock its 16th largest position. Argyle Capital Management LLC’s holdings in AT&T were worth $4,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Baldwin Wealth Partners LLC MA lifted its position in AT&T by 23.2% during the second quarter. Baldwin Wealth Partners LLC MA now owns 11,277 shares of the technology company’s stock worth $326,000 after acquiring an additional 2,127 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of AT&T by 257.6% during the second quarter. Callan Family Office LLC now owns 157,631 shares of the technology company’s stock worth $4,562,000 after purchasing an additional 113,552 shares during the period. Blair William & Co. IL increased its holdings in shares of AT&T by 3.0% during the second quarter. Blair William & Co. IL now owns 524,603 shares of the technology company’s stock worth $15,182,000 after purchasing an additional 15,271 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of AT&T by 15.8% during the second quarter. Game Plan Financial Advisors LLC now owns 72,705 shares of the technology company’s stock worth $2,104,000 after purchasing an additional 9,900 shares during the period. Finally, Leo Wealth LLC increased its holdings in shares of AT&T by 29.6% during the second quarter. Leo Wealth LLC now owns 136,278 shares of the technology company’s stock worth $3,944,000 after purchasing an additional 31,125 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on T shares. Wells Fargo & Company raised their target price on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. UBS Group set a $33.00 target price on shares of AT&T in a report on Thursday, September 18th. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a report on Monday. The Goldman Sachs Group started coverage on shares of AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price on the stock. Finally, Barclays reaffirmed an “equal weight” rating and set a $30.00 target price on shares of AT&T in a report on Wednesday, October 1st. One equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Stock Performance

NYSE T opened at $26.12 on Friday. The firm’s fifty day moving average price is $28.49 and its two-hundred day moving average price is $27.89. The stock has a market cap of $186.77 billion, a PE ratio of 14.84, a PEG ratio of 3.36 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week 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.

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 analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced 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. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

About AT&T

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.