RHS Financial LLC Buys 1,963 Shares of AT&T Inc. $T

RHS Financial LLC grew its stake in AT&T Inc. (NYSE:T) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,742 shares of the technology company’s stock after acquiring an additional 1,963 shares during the period. RHS Financial LLC’s holdings in AT&T were worth $427,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of T. Vanguard Group Inc. grew its holdings in AT&T by 1.3% during the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock worth $18,411,543,000 after purchasing an additional 8,185,006 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in AT&T during the second quarter worth about $5,266,758,000. GQG Partners LLC grew its holdings in 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 purchasing an additional 17,177,874 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 purchasing an additional 1,783,363 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 1,307,009 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.0%

Shares of NYSE:T opened at $25.85 on Monday. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The stock has a market cap of $184.82 billion, a PE ratio of 14.69, a P/E/G ratio of 2.10 and a beta of 0.42. The business has a 50 day moving average of $28.45 and a 200-day moving average of $27.88. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is presently 63.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on T. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. The Goldman Sachs Group began coverage on AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price target for the company. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.75.

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.