Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases 1,279 Shares of AT&T Inc. $T

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of AT&T Inc. (NYSE:T) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,360 shares of the technology company’s stock after purchasing an additional 1,279 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in AT&T were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Parcion Private Wealth LLC lifted its holdings in 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 during the last quarter. David J Yvars Group lifted its holdings in AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after purchasing an additional 372 shares during the last quarter. AllSquare Wealth Management LLC lifted its holdings in AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after purchasing an additional 378 shares during the last quarter. Barnes Wealth Management Group Inc lifted its holdings in AT&T by 2.6% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after purchasing an additional 380 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in AT&T by 0.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several research reports. UBS Group reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Sanford C. Bernstein lifted their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. The Goldman Sachs Group began coverage on AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price for the company. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Finally, TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight 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 $30.67.

AT&T Stock Up 0.3%

T stock opened at $24.76 on Friday. The company has a market cap of $177.01 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. The business has a 50-day simple moving average of $27.57 and a 200 day simple moving average of $27.70. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 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%.AT&T’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is 36.04%.

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.