Choreo LLC Has $8.26 Million Holdings in AT&T Inc. $T

Choreo LLC grew its position in shares of AT&T Inc. (NYSE:T) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 285,465 shares of the technology company’s stock after purchasing an additional 25,067 shares during the quarter. Choreo LLC’s holdings in AT&T were worth $8,261,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of T. J. L. Bainbridge & Co. Inc. lifted its holdings in AT&T by 1.7% in the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after buying an additional 355 shares during the period. Roberts Glore & Co. Inc. IL raised its position in shares of AT&T by 2.0% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after acquiring an additional 357 shares in the last quarter. Investment Partners LTD. lifted its stake in shares of AT&T by 3.5% in the 2nd quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock valued at $303,000 after purchasing an additional 357 shares during the period. Parcion Private Wealth LLC boosted its position in shares of AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after purchasing an additional 364 shares in the last quarter. Finally, Texas Bank & Trust Co grew its stake in AT&T by 0.6% during the second quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock worth $1,860,000 after purchasing an additional 364 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Wall Street Zen lowered AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Williams Trading set a $33.00 price target on shares of AT&T in a report on Thursday, October 23rd. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 price objective (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Finally, TD Cowen increased their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

AT&T Trading Down 0.0%

NYSE:T opened at $25.86 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79. The company has a market cap of $183.30 billion, a PE ratio of 8.39, a PEG ratio of 2.16 and a beta of 0.40. The firm has a 50-day moving average of $26.15 and a 200-day moving average of $27.44.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio is 36.04%.

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.