AT&T Inc. $T Shares Purchased by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC grew its stake in AT&T Inc. (NYSE:T) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,207 shares of the technology company’s stock after buying an additional 679 shares during the period. Checchi Capital Advisers LLC’s holdings in AT&T were worth $1,598,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Oak Hill Wealth Advisors LLC boosted its stake in AT&T by 48.5% in the second quarter. Oak Hill Wealth Advisors LLC now owns 34,512 shares of the technology company’s stock valued at $976,000 after acquiring an additional 11,265 shares in the last quarter. Signature Wealth Management Partners LLC boosted its position in shares of AT&T by 3.4% in the 2nd quarter. Signature Wealth Management Partners LLC now owns 52,947 shares of the technology company’s stock valued at $1,532,000 after purchasing an additional 1,730 shares during the period. LGT Fund Management Co Ltd. acquired a new stake in shares of AT&T in the 2nd quarter valued at about $4,735,000. Quent Capital LLC boosted its position in shares of AT&T by 11.6% in the 2nd quarter. Quent Capital LLC now owns 19,796 shares of the technology company’s stock valued at $573,000 after purchasing an additional 2,053 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of AT&T by 7.9% in the 2nd quarter. QRG Capital Management Inc. now owns 1,894,508 shares of the technology company’s stock valued at $54,827,000 after purchasing an additional 138,261 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research note on Saturday, September 27th. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price target for the company. Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Finally, UBS Group set a $33.00 target price on shares of AT&T in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T Stock Performance

Shares of T stock opened at $27.06 on Friday. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The firm has a market capitalization of $193.49 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. The business has a 50 day simple moving average of $28.60 and a 200 day simple moving average of $27.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for 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 company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is currently 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.