AT&T Inc. $T Shares Bought by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its stake in AT&T by 2.1% during the second quarter, owning a total of 664,452 shares valued at approximately $19.23 million.
• AT&T reported an earnings per share (EPS) of $0.54 for the latest quarter, slightly exceeding analyst expectations, with total revenue reaching $30.85 billion.
• The company announced a quarterly dividend of $0.2775 per share, translating to an annualized dividend of $1.11 and a yield of 4.3%, payable on November 3rd.

Brookstone Capital Management raised its stake in AT&T Inc. (NYSE:T - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 664,452 shares of the technology company's stock after acquiring an additional 13,729 shares during the quarter. Brookstone Capital Management's holdings in AT&T were worth $19,229,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in T. Stone House Investment Management LLC acquired a new position in AT&T in the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC increased its stake 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 last quarter. Kennebec Savings Bank increased its stake in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock valued at $28,000 after purchasing an additional 783 shares during the last quarter. Finally, Core Alternative Capital increased its stake in AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Down 0.3%

Shares of T opened at $26.01 on Wednesday. The company has a market capitalization of $185.98 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.12 and a beta of 0.42. 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 stock has a 50-day moving average price of $28.18 and a 200 day moving average price of $27.78.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $30.44 billion. During the same quarter last year, the business posted $0.51 EPS. AT&T's quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal 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 issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's dividend payout ratio (DPR) is currently 63.07%.

Wall Street Analyst Weigh In

Several research firms recently commented on T. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Sanford C. Bernstein upped their price target on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. upped their price target on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Raymond James Financial reiterated a "strong-buy" rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Finally, Barclays reiterated an "equal weight" rating and issued a $30.00 target price on shares of AT&T in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average price target of $30.65.

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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