Next Level Private LLC Buys 916 Shares of AT&T Inc. $T

Next Level Private LLC boosted its stake in AT&T Inc. (NYSE:T) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,295 shares of the technology company’s stock after purchasing an additional 916 shares during the period. AT&T comprises about 1.1% of Next Level Private LLC’s holdings, making the stock its 25th largest holding. Next Level Private LLC’s holdings in AT&T were worth $3,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in T. Capital A Wealth Management LLC bought a new position in AT&T in the 4th quarter valued at approximately $25,000. Stone House Investment Management LLC acquired a new position in AT&T in the 1st quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in AT&T in the 4th quarter valued at approximately $27,000. Hager Investment Management Services LLC increased its position in 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 period. Finally, Core Alternative Capital increased its position in AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after acquiring an additional 568 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.3%

NYSE:T opened at $29.59 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $211.58 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 3.68 and a beta of 0.44. The firm has a fifty day simple moving average of $28.31 and a two-hundred day simple moving average of $27.74. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. Analysts expect 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 was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

Analyst Ratings Changes

Several brokerages have issued reports on T. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Raymond James Financial restated a “strong-buy” rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, July 24th. Morgan Stanley upped their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group began coverage on shares of AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. Finally, Sanford C. Bernstein upped their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.60.

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.