J. W. Coons Advisors LLC Makes New Investment in AT&T Inc. $T

J. W. Coons Advisors LLC bought a new position in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,028 shares of the technology company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of AT&T by 1.3% in the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock worth $18,411,543,000 after acquiring an additional 8,185,006 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of AT&T during the second quarter worth approximately $5,266,758,000. GQG Partners LLC raised its stake in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after buying an additional 17,177,874 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of AT&T by 3.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company’s stock worth $1,561,514,000 after buying an additional 1,783,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AT&T by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company’s stock worth $1,508,411,000 after buying an additional 1,307,009 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 0.5%

NYSE:T opened at $24.42 on Wednesday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market cap of $174.58 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 2.16 and a beta of 0.42. The stock has a 50-day moving average price of $27.41 and a two-hundred day moving average price of $27.67.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (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 firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on T. Wells Fargo & Company dropped their price target on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. UBS Group reissued a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Williams Trading set a $33.00 price target on shares of AT&T in a research note on Thursday, October 23rd. Finally, Scotiabank set a $30.25 price target on shares of AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T 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.