Olistico Wealth LLC Boosts Position in AT&T Inc. $T

Olistico Wealth LLC increased its stake in AT&T Inc. (NYSE:T) by 43.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,612 shares of the technology company’s stock after buying an additional 2,318 shares during the period. Olistico Wealth LLC’s holdings in AT&T were worth $220,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in AT&T in the 1st quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T in the 2nd quarter worth about $26,000. Kennebec Savings Bank increased its position in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Hager Investment Management Services LLC increased its position in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares during the period. Finally, IMA Advisory Services Inc. purchased a new position in AT&T during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $27.06 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The company has a 50 day simple moving average of $28.60 and a two-hundred day simple moving average of $27.92. The stock has a market cap of $193.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.46 and a beta of 0.42.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price on the stock. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. Raymond James Financial reissued a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Finally, Sanford C. Bernstein raised their target price 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 analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

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.