Lincoln Capital Corp Invests $285,000 in AT&T Inc. $T

Key Points

• Lincoln Capital Corp has invested approximately $285,000 in a new position in AT&T Inc., acquiring 9,832 shares during the second quarter.
• AT&T reported $0.54 EPS in its latest earnings, exceeding analysts' expectations of $0.53, with revenue hitting $30.85 billion.
• The company's quarterly dividend was recently set at $0.2775 per share, providing an annualized yield of 3.8%.

Lincoln Capital Corp bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,832 shares of the technology company's stock, valued at approximately $285,000.

A number of other large investors also recently modified their holdings of T. Stone House Investment Management LLC purchased a new position in shares of AT&T in the 1st quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T during the second quarter worth about $26,000. Hager Investment Management Services LLC grew its holdings in shares of AT&T by 182.1% during the first 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 during the last quarter. IMA Advisory Services Inc. purchased a new position in shares of AT&T during the first quarter worth about $29,000. Finally, Core Alternative Capital grew its stake in AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after buying an additional 568 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the topic of a number of research reports. Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. Morgan Stanley raised their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. UBS Group set a $33.00 target price on shares of AT&T in a research report on Thursday. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein raised their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.74.

AT&T Stock Down 0.5%

Shares of NYSE T traded down $0.16 during midday trading on Friday, reaching $29.04. 62,059,787 shares of the company's stock were exchanged, compared to its average volume of 28,068,662. AT&T Inc. has a 52-week low of $21.05 and a 52-week high of $29.79. The stock has a market capitalization of $207.65 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. 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 business's fifty day moving average price is $28.45 and its two-hundred day moving average price is $27.81.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (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 company had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the previous year, the business earned $0.51 EPS. AT&T's revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts forecast 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. 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 dividend yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T's payout ratio is 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.