AT&T Inc. $T Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in AT&T by 3.0% during the 2nd quarter, now holding 524,603 shares valued at approximately $15.18 million.
• AT&T announced a quarterly dividend of $0.2775 per share, resulting in an annualized yield of 4.3%, with the payout scheduled for November 3rd.
• Analysts maintain a Moderate Buy consensus rating for AT&T, with a target price averaging $30.75 following various upgrades from firms like Sanford C. Bernstein and Morgan Stanley.

Blair William & Co. IL boosted its position in AT&T Inc. (NYSE:T - Free Report) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 524,603 shares of the technology company's stock after purchasing an additional 15,271 shares during the quarter. Blair William & Co. IL's holdings in AT&T were worth $15,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp raised its holdings in AT&T by 1.5% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company's stock valued at $9,380,000 after acquiring an additional 4,793 shares during the last quarter. Capstone Wealth Management LLC purchased a new stake in shares of AT&T in the first quarter valued at $201,000. Kickstand Ventures LLC. acquired a new position in AT&T in the second quarter valued at $489,000. ASR Vermogensbeheer N.V. lifted its position in AT&T by 1.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company's stock worth $20,910,000 after buying an additional 9,970 shares during the period. Finally, Simplicity Wealth LLC boosted its stake in AT&T by 180.5% in the 2nd quarter. Simplicity Wealth LLC now owns 114,091 shares of the technology company's stock worth $3,302,000 after buying an additional 73,417 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on T shares. Barclays reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of AT&T in a research note on Wednesday, October 1st. Sanford C. Bernstein upped their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Morgan Stanley lifted their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.75.

AT&T Stock Down 1.0%

Shares of AT&T stock opened at $25.85 on Friday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The stock has a market cap of $184.82 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.42. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $28.45 and a 200 day moving average price of $27.88.

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. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period last year, the company posted $0.51 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T's dividend 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.

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