AT&T Inc. $T Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in AT&T Inc. (NYSE:T) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 403,893 shares of the technology company’s stock after acquiring an additional 26,147 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in AT&T were worth $11,689,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. acquired a new stake in AT&T during the second quarter valued at approximately $239,000. Vest Financial LLC grew its holdings in shares of AT&T by 31.3% during the second quarter. Vest Financial LLC now owns 156,533 shares of the technology company’s stock valued at $4,530,000 after purchasing an additional 37,349 shares during the last quarter. M.E. Allison & CO. Inc. grew its holdings in shares of AT&T by 4.4% during the second quarter. M.E. Allison & CO. Inc. now owns 74,708 shares of the technology company’s stock valued at $2,162,000 after purchasing an additional 3,159 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of AT&T by 1.6% during the second quarter. MGO One Seven LLC now owns 129,148 shares of the technology company’s stock valued at $3,738,000 after purchasing an additional 2,078 shares during the last quarter. Finally, Cypress Capital Group grew its holdings in shares of AT&T by 3.5% during the second quarter. Cypress Capital Group now owns 43,841 shares of the technology company’s stock valued at $1,269,000 after purchasing an additional 1,496 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. Hsbc Global Res lowered AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Finally, Bank of America assumed coverage on AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective for the company. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

AT&T Stock Performance

Shares of NYSE T opened at $25.57 on Tuesday. The stock has a fifty day moving average price of $28.41 and a two-hundred day moving average price of $27.86. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $182.80 billion, a P/E ratio of 14.53, a PEG ratio of 2.10 and a beta of 0.42. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm 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 period last year, the company posted $0.51 EPS. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is 63.07%.

AT&T Company 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.