Integrity Alliance LLC. Raises Stock Position in AT&T Inc. $T

Key Points

• Integrity Alliance LLC has significantly increased its stake in AT&T by 111.7% in Q1, now owning 111,384 shares valued at approximately $3.15 million.
• AT&T's recent quarterly earnings exceeded expectations, reporting $0.54 EPS and $30.85 billion in revenue, marking a 3.4% increase compared to the same period last year.
• Analysts have set varied price targets for AT&T, with the consensus rating being "Moderate Buy" and a target price of $30.60, reflecting a generally favorable outlook for the stock.

Integrity Alliance LLC. lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 111.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,384 shares of the technology company's stock after purchasing an additional 58,759 shares during the quarter. Integrity Alliance LLC.'s holdings in AT&T were worth $3,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Stone House Investment Management LLC bought a new stake in shares of AT&T during the 1st quarter worth approximately $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $27,000. Finally, Hager Investment Management Services LLC lifted its stake in shares of AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. Scotiabank raised their price target on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. The Goldman Sachs Group began coverage on AT&T in a research note on Tuesday, September 2nd. They set a "buy" rating and a $32.00 price target for the company. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $30.60.

AT&T Stock Up 0.3%

Shares of NYSE:T traded up $0.10 during trading hours on Friday, hitting $29.59. The company's stock had a trading volume of 22,789,775 shares, compared to its average volume of 28,351,510. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $211.58 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 3.67 and a beta of 0.44. The firm's fifty day moving average price is $28.31 and its 200 day moving average price is $27.73.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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

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.