AT&T Inc. $T Stock Holdings Increased by Brooklyn Investment Group

Brooklyn Investment Group raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 18.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,637 shares of the technology company's stock after acquiring an additional 10,115 shares during the period. Brooklyn Investment Group's holdings in AT&T were worth $1,856,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T in the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at $25,000. Stone House Investment Management LLC purchased a new position in shares of AT&T during the first quarter valued at $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter valued at $27,000. Finally, Hager Investment Management Services LLC grew its holdings in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE:T opened at $28.89 on Monday. AT&T Inc. has a fifty-two week low of $19.08 and a fifty-two week high of $29.19. The business has a 50-day moving average of $27.90 and a two-hundred day moving average of $27.23. The stock has a market capitalization of $206.57 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's payout ratio is currently 63.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on T shares. Tigress Financial lifted their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. HSBC downgraded AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target on the stock. in a report on Thursday, July 24th. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.21.

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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