28,304 Shares in AT&T Inc. $T Acquired by SGL Investment Advisors Inc.

Key Points

• SGL Investment Advisors Inc. acquired 28,304 shares of AT&T Inc., valued at approximately $801,000, during the 2nd quarter, indicating growing interest from institutional investors.
• AT&T recently announced a quarterly dividend of $0.2775 per share, representing an annualized yield of 4.3% and a payout ratio of 63.07%.
• Analysts have a consensus price target of $30.75 for AT&T, with one "Strong Buy", sixteen "Buy", and seven "Hold" ratings currently assigned to the stock.

SGL Investment Advisors Inc. bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,304 shares of the technology company's stock, valued at approximately $801,000.

Several other hedge funds also recently made changes to their positions in T. David J Yvars Group raised its stake in shares of AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company's stock worth $402,000 after buying an additional 372 shares during the period. AllSquare Wealth Management LLC raised its stake in AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after acquiring an additional 378 shares during the period. Barnes Wealth Management Group Inc lifted its holdings in AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company's stock valued at $425,000 after purchasing an additional 380 shares in the last quarter. Kathmere Capital Management LLC boosted its position in shares of AT&T by 0.8% in the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company's stock worth $1,470,000 after purchasing an additional 381 shares during the period. Finally, James J. Burns & Company LLC increased its stake in shares of AT&T by 1.0% in the second quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company's stock worth $1,168,000 after purchasing 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 analysts recently weighed in on T shares. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Barclays reissued an "equal weight" rating and set a $30.00 target price on shares of AT&T in a research note on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, UBS Group set a $33.00 price objective on shares of AT&T in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.75.

AT&T Stock Down 4.4%

NYSE T opened at $25.88 on Tuesday. The stock has a 50 day moving average price of $28.56 and a 200-day moving average price of $27.92. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $185.05 billion, a P/E ratio of 14.70, a P/E/G ratio of 3.46 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. AT&T's revenue was up 3.4% on a year-over-year basis. As a group, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T's dividend 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.

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