Measured Wealth Private Client Group LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,953 shares of the technology company’s stock after purchasing an additional 1,019 shares during the period. Measured Wealth Private Client Group LLC’s holdings in AT&T were worth $227,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC increased its position in shares of AT&T by 10.4% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 13,206 shares of the technology company’s stock worth $37,000 after purchasing an additional 1,248 shares during the last quarter. NWK Group Inc. acquired a new position in shares of AT&T during the 2nd quarter worth approximately $65,000. JJJ Advisors Inc. increased its position in shares of AT&T by 212.3% during the 2nd quarter. JJJ Advisors Inc. now owns 2,217 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,507 shares during the last quarter. Provident Wealth Management LLC acquired a new position in shares of AT&T during the 3rd quarter worth approximately $70,000. Finally, Litman Gregory Asset Management LLC increased its position in shares of AT&T by 844.0% during the 2nd quarter. Litman Gregory Asset Management LLC now owns 2,983 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,667 shares during the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.
NYSE:T opened at $27.33 on Friday. The stock has a fifty day moving average price of $28.84 and a 200-day moving average price of $29.74. The company has a market cap of $194.73 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.64 and a beta of 0.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $39.70.
AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. AT&T had a return on equity of 13.03% and a net margin of 6.84%. The business had revenue of $40.95 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the prior year, the company earned $0.89 EPS. AT&T’s revenue for the quarter was down 8.9% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 3.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $2.08 annualized dividend and a dividend yield of 7.61%. AT&T’s dividend payout ratio is currently 58.26%.
In other AT&T news, Director Stephen J. Luczo acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average cost of $29.69 per share, for a total transaction of $2,969,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
T has been the topic of several recent analyst reports. Scotiabank lowered AT&T from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the stock from $34.00 to $30.00 in a research report on Monday, August 31st. Morgan Stanley decreased their target price on AT&T from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Bank of America reissued a “buy” rating and set a $36.00 target price on shares of AT&T in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on AT&T from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, KeyCorp lowered AT&T from a “sector weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Monday, October 5th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $33.56.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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