Uptick Partners LLC Has $245,000 Position in AT&T Inc. $T

Uptick Partners LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,468 shares of the technology company’s stock after acquiring an additional 729 shares during the period. Uptick Partners LLC’s holdings in AT&T were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of T. David J Yvars Group boosted its position in shares of AT&T by 2.8% during the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after purchasing an additional 372 shares in the last quarter. AllSquare Wealth Management LLC boosted its position in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after purchasing an additional 378 shares in the last quarter. Barnes Wealth Management Group Inc lifted its position in AT&T by 2.6% in the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after acquiring an additional 380 shares in the last quarter. Kathmere Capital Management LLC lifted its position in AT&T by 0.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after acquiring an additional 381 shares in the last quarter. Finally, James J. Burns & Company LLC lifted its position in AT&T by 1.0% in the 2nd quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock valued at $1,168,000 after acquiring an additional 383 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on T. Bank of America began coverage on shares of AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. UBS Group set a $33.00 price objective on shares of AT&T in a research report on Thursday, September 18th. 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. Finally, HSBC cut shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Thursday, July 24th. 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.75.

AT&T Stock Down 0.2%

Shares of T stock opened at $26.07 on Thursday. 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 1 year low of $21.05 and a 1 year high of $29.79. The firm’s fifty day moving average price is $28.34 and its two-hundred day moving average price is $27.84. The firm has a market capitalization of $186.43 billion, a P/E ratio of 14.81, a PEG ratio of 2.12 and a beta of 0.42.

AT&T (NYSE:T) last issued 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 firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

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