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Headlands Technologies LLC Takes $639,000 Position in AT&T Inc. (NYSE:T)

AT&T logo with Computer and Technology background

Key Points

  • Headlands Technologies LLC invested approximately $639,000 in AT&T by acquiring 22,600 shares in the first quarter, highlighting significant interest from institutional investors.
  • Recent research reports indicate a mix of ratings for AT&T, with the consensus rating being a "Moderate Buy" and an average target price set at $29.66.
  • AT&T announced a quarterly dividend of $0.2775 per share, resulting in an annualized yield of 4.0%, reflecting the company's commitment to returning value to shareholders.
  • Want stock alerts on AT&T? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Headlands Technologies LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,600 shares of the technology company's stock, valued at approximately $639,000.

Several other large investors also recently modified their holdings of T. AllSquare Wealth Management LLC raised its position in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after acquiring an additional 378 shares during the last quarter. Next Level Private LLC grew its stake 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 valued at $3,206,000 after acquiring an additional 379 shares during the period. Carolinas Wealth Consulting LLC boosted its position in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after buying an additional 384 shares during the last quarter. Kozak & Associates Inc. boosted its position in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after buying an additional 398 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after acquiring an additional 398 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

AT&T stock traded up $0.02 during midday trading on Friday, hitting $28.08. 23,594,470 shares of the company's stock were exchanged, compared to its average volume of 34,716,284. AT&T Inc. has a 52-week low of $18.97 and a 52-week high of $29.19. The stock has a 50-day moving average price of $27.83 and a two-hundred day moving average price of $27.04. 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 company has a market cap of $200.78 billion, a P/E ratio of 15.95, a PEG ratio of 3.48 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 EPS 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 period in the previous year, the business earned $0.51 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed 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 4.0%. The ex-dividend date was Thursday, July 10th. AT&T's dividend payout ratio is presently 63.07%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. UBS Group reiterated a "buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Tigress Financial lifted their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, July 24th. Finally, Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.66.

Check Out Our Latest Research Report on AT&T

AT&T Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AT&T (NYSE:T)

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