Rosenberg Matthew Hamilton Purchases 5,948 Shares of AT&T Inc. $T

Rosenberg Matthew Hamilton grew its position in AT&T Inc. (NYSE:T) by 79.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,404 shares of the technology company’s stock after acquiring an additional 5,948 shares during the period. Rosenberg Matthew Hamilton’s holdings in AT&T were worth $388,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in AT&T in the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in AT&T in the 2nd quarter worth approximately $26,000. Hager Investment Management Services LLC raised 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 worth $28,000 after purchasing an additional 641 shares during the last quarter. Kennebec Savings Bank raised its position in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the last quarter. Finally, Core Alternative Capital raised 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 worth $29,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on T shares. Barclays restated an “equal weight” rating and issued a $30.00 price objective on shares of AT&T in a research report on Wednesday, October 1st. 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. Morgan Stanley boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Raymond James Financial restated a “strong-buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Finally, Wells Fargo & Company lifted their target price on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

AT&T Price Performance

T opened at $26.12 on Wednesday. The company has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $27.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The firm has a market capitalization of $186.74 billion, a PE ratio of 14.84, a P/E/G ratio of 2.07 and a beta of 0.42.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (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 company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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

About AT&T

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.