Integras Partners LLC Acquires New Holdings in AT&T Inc. $T

Key Points

• Integras Partners LLC has acquired a new stake in AT&T Inc., purchasing 8,847 shares valued at approximately $250,000 during the first quarter.
• AT&T's stock received multiple upward target price adjustments from analysts, with JPMorgan Chase & Co. raising their target from $31.00 to $33.00 and maintaining an "overweight" rating.
• The company recently reported quarterly earnings, achieving $0.54 EPS, surpassing analysts' expectations and indicating a revenue increase of 3.4% year-over-year.

Integras Partners LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,847 shares of the technology company's stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CW Advisors LLC increased its position in AT&T by 176.0% during the 1st quarter. CW Advisors LLC now owns 347,945 shares of the technology company's stock worth $9,554,000 after purchasing an additional 221,864 shares in the last quarter. United Asset Strategies Inc. increased its position in AT&T by 105.1% during the 1st quarter. United Asset Strategies Inc. now owns 22,503 shares of the technology company's stock worth $636,000 after purchasing an additional 11,532 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in AT&T by 32.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,435,357 shares of the technology company's stock worth $973,833,000 after purchasing an additional 8,355,686 shares in the last quarter. Luts & Greenleigh Group Inc. increased its position in AT&T by 19.6% during the 1st quarter. Luts & Greenleigh Group Inc. now owns 20,225 shares of the technology company's stock worth $572,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in AT&T by 9.8% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 53,337 shares of the technology company's stock worth $1,508,000 after purchasing an additional 4,770 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T stock traded down $0.7110 during mid-day trading on Friday, reaching $28.7290. The company had a trading volume of 33,993,083 shares, compared to its average volume of 30,014,602. AT&T Inc. has a one year low of $19.51 and a one year high of $29.65. The stock has a market capitalization of $205.42 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.64 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock's 50-day simple moving average is $27.99 and its two-hundred day simple moving average is $27.36.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, July 10th. AT&T's payout ratio is currently 63.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America assumed coverage on shares of AT&T in a research report on Monday, July 7th. They issued a "buy" rating and a $32.00 price objective for the company. Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average 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.