PDS Planning Inc Grows Stock Position in AT&T Inc. $T

PDS Planning Inc boosted its position in AT&T Inc. (NYSE:T) by 7.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 39,309 shares of the technology company’s stock after purchasing an additional 2,627 shares during the period. PDS Planning Inc’s holdings in AT&T were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. David J Yvars Group increased its position in AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after buying an additional 372 shares during the last quarter. AllSquare Wealth Management LLC increased its position in AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after buying an additional 378 shares during the last quarter. Barnes Wealth Management Group Inc increased its position in AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after buying an additional 380 shares during the last quarter. Kathmere Capital Management LLC increased its position in AT&T by 0.8% in the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after buying an additional 381 shares during the last quarter. Finally, James J. Burns & Company LLC increased its position in AT&T by 1.0% in the second quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock worth $1,168,000 after buying an additional 383 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on T shares. The Goldman Sachs Group started coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. 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 report on Thursday, July 24th. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. UBS Group set a $33.00 price target on AT&T in a research report on Thursday, September 18th. Finally, Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Price Performance

NYSE:T opened at $25.85 on Friday. The firm has a market capitalization of $184.82 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 2.12 and a beta of 0.42. AT&T Inc. has a 52-week low of $21.05 and a 52-week high of $29.79. The stock has a fifty day moving average of $28.45 and a 200 day moving average of $27.88. 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 quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, research analysts expect that AT&T Inc. will post 2.14 EPS 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 of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is currently 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.