Anfield Capital Management LLC Has $1.48 Million Holdings in AT&T Inc. (NYSE:T)

Anfield Capital Management LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 4,635.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,472 shares of the technology company's stock after acquiring an additional 51,364 shares during the quarter. Anfield Capital Management LLC's holdings in AT&T were worth $1,484,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Stone House Investment Management LLC purchased a new stake in shares of AT&T during the first quarter worth $25,000. Hager Investment Management Services LLC increased 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. IMA Advisory Services Inc. acquired a new position in AT&T in the 1st quarter worth about $29,000. Core Alternative Capital raised its stake 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 worth $29,000 after purchasing an additional 568 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T opened at $28.15 on Tuesday. AT&T Inc. has a 52-week low of $18.97 and a 52-week high of $29.19. The firm has a market capitalization of $201.28 billion, a PE ratio of 15.99, a PEG ratio of 3.48 and a beta of 0.42. 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 business's 50-day simple moving average is $27.84 and its 200 day simple moving average is $27.11.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The business 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 firm's revenue for the quarter 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 expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were 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 was Thursday, July 10th. AT&T's payout ratio is 63.07%.

Analyst Upgrades and Downgrades

Several research firms have commented on T. Morgan Stanley boosted their target price 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. Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Scotiabank boosted their target price on shares of AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a research report on Thursday, July 24th. Finally, Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.66.

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.

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