Huntleigh Advisors Inc. Boosts Stake in AT&T Inc. (NYSE:T)

Huntleigh Advisors Inc. grew its stake in AT&T Inc. (NYSE:T) by 8.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 36,744 shares of the technology company’s stock after buying an additional 2,801 shares during the period. Huntleigh Advisors Inc.’s holdings in AT&T were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the fourth quarter worth $25,000. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter worth $27,000. Ball & Co Wealth Management Inc. purchased a new position in shares of AT&T during the fourth quarter worth $30,000. Finally, REAP Financial Group LLC raised its holdings in shares of AT&T by 115.2% during the fourth quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company’s stock worth $31,000 after purchasing an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group restated a “buy” rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Oppenheimer raised their price target on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Royal Bank Of Canada raised their price target on shares of AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Evercore ISI raised their price target on shares of AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $28.90.

AT&T Price Performance

AT&T stock opened at $28.33 on Friday. The company’s 50 day simple moving average is $27.76 and its 200-day simple moving average is $26.08. The company has a market capitalization of $203.82 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. AT&T’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is 68.10%.

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.