AT&T Inc. $T Stake Boosted by Duncker Streett & Co. Inc.

Key Points

• Duncker Streett & Co. Inc. increased its stake in AT&T by 135.1%, owning 20,212 shares valued at $585,000 following their recent acquisition.
• AT&T announced a $0.2775 quarterly dividend to be paid on November 3rd, providing a yield of 4.3% and a payout ratio of 63.07%.
• The company recently reported earnings of $0.54 per share for the quarter, exceeding estimates, while revenue rose by 3.4% year-over-year, totaling $30.85 billion.

Duncker Streett & Co. Inc. grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 135.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,212 shares of the technology company's stock after acquiring an additional 11,613 shares during the period. Duncker Streett & Co. Inc.'s holdings in AT&T were worth $585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of T. Stone House Investment Management LLC bought a new stake in AT&T in the first quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T in the second quarter worth $26,000. Hager Investment Management Services LLC boosted its holdings 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 worth $28,000 after purchasing an additional 641 shares in the last quarter. Kennebec Savings Bank boosted its holdings in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock worth $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Core Alternative Capital boosted its holdings in AT&T by 125.4% in the first 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. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Up 2.1%

Shares of T opened at $26.12 on Wednesday. The company has a 50-day simple moving average of $28.37 and a 200-day simple moving average of $27.85. The firm has a market capitalization of $186.74 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.07 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. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's dividend payout ratio is 63.07%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Wells Fargo & Company boosted their target price on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Sanford C. Bernstein boosted their target price 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. The Goldman Sachs Group assumed coverage on shares of AT&T in a research report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 target price for the company. Finally, HSBC lowered 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. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.75.

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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