AT&T Inc. $T Shares Acquired by Rossby Financial LCC

Rossby Financial LCC grew its holdings in AT&T Inc. (NYSE:T) by 11.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,248 shares of the technology company’s stock after purchasing an additional 4,210 shares during the period. Rossby Financial LCC’s holdings in AT&T were worth $1,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of AT&T in the 1st quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T during the 2nd quarter worth about $26,000. Hager Investment Management Services LLC lifted its stake in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares in the last quarter. Kennebec Savings Bank lifted its stake in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. Finally, Solstein Capital LLC lifted its stake in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on T shares. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company decreased their target price on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Trading Up 1.4%

T opened at $25.50 on Tuesday. 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 $182.35 billion, a P/E ratio of 8.28, a PEG ratio of 2.03 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The business’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $27.76.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio is presently 36.04%.

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.