Kestra Investment Management LLC Purchases 13,474 Shares of AT&T Inc. $T

Key Points

• Kestra Investment Management LLC increased its stake in AT&T Inc. by 74.9% during the first quarter, acquiring an additional 13,474 shares, bringing its total holdings to 31,454 shares valued at $890,000.
• AT&T recently reported $0.54 earnings per share for the quarter, surpassing analysts’ expectations, with a year-over-year revenue increase of 3.4% to $30.85 billion.
• The company declared a quarterly dividend of $0.2775 per share, providing a 3.8% yield, with a dividend payout ratio of 63.07%.

Kestra Investment Management LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 74.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,454 shares of the technology company's stock after acquiring an additional 13,474 shares during the period. Kestra Investment Management LLC's holdings in AT&T were worth $890,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of T. Minot DeBlois Advisors LLC acquired a new position in AT&T during the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the 4th quarter valued at about $25,000. Stone House Investment Management LLC bought a new position in shares of AT&T in the 1st quarter valued at about $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the 4th quarter valued at about $27,000. Finally, Hager Investment Management Services LLC grew its holdings in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. Raymond James Financial restated a "strong-buy" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Sanford C. Bernstein lifted their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday. Bank of America started coverage on shares of AT&T in a research report on Monday, July 7th. They issued a "buy" rating and a $32.00 price target for the company. Finally, UBS Group set a $32.00 price target on shares of AT&T in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.60.

AT&T Price Performance

Shares of NYSE T traded down $0.69 during midday trading on Monday, reaching $28.91. The company's stock had a trading volume of 40,572,915 shares, compared to its average volume of 27,213,860. 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 Inc. has a fifty-two week low of $20.92 and a fifty-two week high of $29.79. The business's 50 day moving average price is $28.23 and its two-hundred day moving average price is $27.66. The company has a market cap of $206.68 billion, a P/E ratio of 16.42, a P/E/G ratio of 3.66 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

About AT&T

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.