Compound Planning Inc. Boosts Holdings in AT&T Inc. $T

Key Points

• Compound Planning Inc. significantly increased its stake in AT&T Inc. by 120.4%, acquiring a total of 227,488 shares valued at approximately $6.43 million.
• AT&T recently reported earnings of $0.54 per share, beating estimates and achieving a 3.4% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.2775 per share, translating to an annualized yield of 3.8%.

Compound Planning Inc. increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 120.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,488 shares of the technology company's stock after buying an additional 124,288 shares during the quarter. Compound Planning Inc.'s holdings in AT&T were worth $6,433,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in shares of AT&T in the 1st quarter worth $25,000. Hager Investment Management Services LLC increased its stake in shares of 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 in the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of AT&T in the 1st quarter worth $29,000. Core Alternative Capital increased its stake in shares of AT&T by 125.4% in 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 bought a new stake in AT&T during the 4th quarter worth approximately $25,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Up 0.5%

T stock opened at $29.4350 on Friday. The firm has a fifty day moving average price of $27.98 and a 200 day moving average price of $27.33. AT&T Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $29.56. 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 firm has a market cap of $210.47 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $0.51 earnings per share. AT&T's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on T. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They set a "buy" rating and a $32.00 target price on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Thursday, July 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Barclays lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group reiterated a "buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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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