16,511 Shares in AT&T Inc. $T Acquired by Western Financial Corp CA

Key Points

• Western Financial Corp CA has acquired a new position in AT&T, purchasing 16,511 shares valued at approximately $478,000 during the second quarter.
• AT&T's quarterly earnings report indicated an EPS of $0.54, surpassing the expected $0.53, along with a year-over-year revenue increase of 3.4%.
• The company announced a quarterly dividend of $0.2775 per share, reflecting an annual yield of 3.9%, with the dividend payment scheduled for November 3rd.

Western Financial Corp CA bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,511 shares of the technology company's stock, valued at approximately $478,000.

Other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in shares of AT&T in the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T in the second quarter valued at about $26,000. Hager Investment Management Services LLC lifted its position in AT&T by 182.1% in the first 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. Core Alternative Capital lifted its position in shares of AT&T by 125.4% during 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. Finally, IMA Advisory Services Inc. acquired a new stake in shares of AT&T during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 0.0%

AT&T stock opened at $28.31 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The company's 50 day simple moving average is $28.61 and its 200 day simple moving average is $27.87. The firm has a market capitalization of $202.43 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 3.62 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last released 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. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's dividend payout ratio is currently 63.07%.

Wall Street Analysts Forecast Growth

Several analysts have commented on T shares. UBS Group set a $33.00 target price on shares of AT&T in a research note on Thursday, September 18th. Morgan Stanley raised their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Hsbc Global Res lowered shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Sanford C. Bernstein boosted their target price on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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