Ferguson Wellman Capital Management Inc. Has $43.86 Million Stock Holdings in AT&T Inc. $T

Key Points

• Ferguson Wellman Capital Management Inc. has increased its stake in AT&T Inc. by 1.5%, acquiring an additional 22,092 shares, bringing its total holdings to 1,515,377 shares valued at approximately $43.86 million.
• AT&T recently reported quarterly earnings of $0.54 EPS, exceeding analysts' expectations, with revenues of $30.85 billion, reflecting a 3.4% increase year-over-year.
• The company declared a quarterly dividend of $0.2775 per share, translating to an annualized dividend of $1.11 and a yield of 3.8% as it maintains a dividend payout ratio of 63.07%.

Ferguson Wellman Capital Management Inc. lifted its position in AT&T Inc. (NYSE:T - Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,515,377 shares of the technology company's stock after acquiring an additional 22,092 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in AT&T were worth $43,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of T. David J Yvars Group raised its holdings in AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company's stock worth $402,000 after purchasing an additional 372 shares during the period. AllSquare Wealth Management LLC raised its holdings in AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after purchasing an additional 378 shares during the period. Next Level Private LLC raised its holdings in AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after purchasing an additional 379 shares during the period. Barnes Wealth Management Group Inc raised its holdings in AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company's stock worth $425,000 after purchasing an additional 380 shares during the period. Finally, Carolinas Wealth Consulting LLC raised its holdings in AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 0.5%

AT&T stock traded down $0.16 during mid-day trading on Friday, reaching $29.04. The company's stock had a trading volume of 62,059,787 shares, compared to its average volume of 28,068,662. The company has a market capitalization of $207.65 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The business's 50 day simple moving average is $28.41 and its 200 day simple moving average is $27.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T - Get Free Report) last released 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. The business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on T shares. Hsbc Global Res lowered shares of AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Morgan Stanley upped their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a report on Thursday, July 24th. Finally, The Goldman Sachs Group started coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $30.74.

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.