Kapitalo Investimentos Ltda Takes $331,000 Position in AT&T Inc. $T

Key Points

• Kapitalo Investimentos Ltda has acquired a new stake in AT&T worth approximately $331,000, purchasing 11,448 shares during the second quarter.
• AT&T has declared a quarterly dividend of $0.2775, resulting in an annualized yield of 3.8%, with a payout ratio of 63.07%.
• In recent analyst reports, AT&T received multiple price target increases, with Wells Fargo raising it to $31.00 and Sanford C. Bernstein to $32.00, indicating continued positive sentiment towards the stock.

Kapitalo Investimentos Ltda acquired a new stake in AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,448 shares of the technology company's stock, valued at approximately $331,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $25,000. Stone House Investment Management LLC purchased a new position in AT&T in the 1st quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in AT&T during the 2nd quarter worth about $26,000. Putney Financial Group LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $27,000. Finally, Hager Investment Management Services LLC boosted its stake in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.5%

T stock opened at $29.04 on Monday. The business has a fifty day moving average price of $28.45 and a 200 day moving average price of $27.83. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The stock has a market capitalization of $207.65 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 3.59 and a beta of 0.44. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

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

AT&T Dividend Announcement

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

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. Wells Fargo & Company increased their price target on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Sanford C. Bernstein increased their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. UBS Group set a $33.00 price objective on AT&T in a report on Thursday. Finally, Scotiabank increased their price target on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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