Drucker Wealth 3.0 LLC Boosts Stake in AT&T Inc. $T

Key Points

• Drucker Wealth 3.0 LLC increased its stake in AT&T Inc. by 207.9% during the second quarter, owning a total of 37,375 shares valued at approximately $1,050,000.
• AT&T reported earnings of $0.54 per share for the last quarter, beating estimates and marking a 3.4% revenue increase year-over-year, with total revenue at $30.85 billion.
• The company declared a quarterly dividend of $0.2775 per share, resulting in an annualized yield of 4.3%, with a dividend payout ratio of 63.07%.

Drucker Wealth 3.0 LLC increased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 207.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,375 shares of the technology company's stock after purchasing an additional 25,236 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in AT&T were worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in T. Vanguard Group Inc. lifted its position in shares of AT&T by 1.3% during the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock valued at $18,411,543,000 after buying an additional 8,185,006 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in AT&T during the second quarter valued at approximately $5,266,758,000. GQG Partners LLC lifted its position in AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock valued at $3,222,711,000 after acquiring an additional 17,177,874 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of AT&T by 3.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company's stock valued at $1,561,514,000 after purchasing an additional 1,783,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of AT&T by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock valued at $1,508,411,000 after purchasing an additional 1,307,009 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

T opened at $25.85 on Friday. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. 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 firm has a market capitalization of $184.82 billion, a PE ratio of 14.69, a P/E/G ratio of 2.12 and a beta of 0.42. The firm has a 50 day moving average of $28.45 and a two-hundred day moving average of $27.88.

AT&T (NYSE:T - Get Free Report) last issued its 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 analysts' expectations of $30.44 billion. During the same quarter 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. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T's dividend payout ratio (DPR) is presently 63.07%.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. Scotiabank set a $30.25 price objective on AT&T and gave the company a "sector perform" rating in a report on Monday. Morgan Stanley increased their price target on AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. HSBC lowered shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research report on Thursday, July 24th. Barclays reaffirmed an "equal weight" rating and issued a $30.00 price objective on shares of AT&T in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of AT&T in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.75.

AT&T Company 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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