Liberty Wealth Management LLC Has $513,000 Holdings in AT&T Inc. $T

Liberty Wealth Management LLC lessened its holdings in AT&T Inc. (NYSE:T) by 3.9% during the second quarter, HoldingsChannel.com reports. The fund owned 17,732 shares of the technology company’s stock after selling 722 shares during the period. Liberty Wealth Management LLC’s holdings in AT&T were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in T. Stone House Investment Management LLC acquired a new position in AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T in the second quarter valued at approximately $26,000. Solstein Capital LLC grew its stake in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the last quarter. Kennebec Savings Bank increased its holdings in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after buying an additional 783 shares in the last quarter. Finally, Hager Investment Management Services LLC lifted its stake in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 2.2%

AT&T stock opened at $25.17 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $179.95 billion, a PE ratio of 8.17, a PEG ratio of 2.03 and a beta of 0.42. The firm’s fifty day moving average is $27.97 and its 200 day moving average is $27.76. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is 36.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on T. JPMorgan Chase & Co. boosted their price target on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a report on Monday, October 6th. Williams Trading set a $33.00 price target on shares of AT&T in a research report on Thursday. Morgan Stanley lifted their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.67.

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.