LVM Capital Management Ltd. MI Buys 17,170 Shares of AT&T Inc. $T

Key Points

• LVM Capital Management Ltd. MI increased its stake in AT&T by 61% during Q2, acquiring an additional 17,170 shares, bringing their total holdings to 45,324 shares valued at approximately $1.31 million.
• AT&T reported earnings per share (EPS) of $0.54 for the last quarter, beating analysts' expectations of $0.53, with revenues reaching $30.85 billion representing a 3.4% increase from the previous year.
• The company declared a quarterly dividend of $0.2775, yielding 3.8%, with a payout ratio of 63.07%, reflecting strong support for shareholder returns.

LVM Capital Management Ltd. MI raised its stake in AT&T Inc. (NYSE:T - Free Report) by 61.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,324 shares of the technology company's stock after buying an additional 17,170 shares during the period. LVM Capital Management Ltd. MI's holdings in AT&T were worth $1,312,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AllSquare Wealth Management LLC boosted its holdings in shares of AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock worth $161,000 after buying an additional 378 shares during the last quarter. Next Level Private LLC increased its stake in shares of AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after purchasing an additional 379 shares in the last quarter. Barnes Wealth Management Group Inc increased its stake in shares of AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company's stock worth $425,000 after purchasing an additional 380 shares in the last quarter. Carolinas Wealth Consulting LLC raised its position in shares of AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after purchasing an additional 384 shares during the period. Finally, Kozak & Associates Inc. lifted its stake in shares of AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after buying an additional 398 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE:T opened at $29.59 on Friday. 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 Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The stock's 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $27.73. The company has a market cap of $211.58 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 3.67 and a beta of 0.44.

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

AT&T Dividend Announcement

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

Analysts Set New Price Targets

T has been the subject of a number of analyst reports. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. HSBC downgraded AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. The Goldman Sachs Group started coverage on AT&T in a research note on Tuesday, September 2nd. They set a "buy" rating and a $32.00 target price on the stock. Finally, Sanford C. Bernstein lifted their target price on AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.60.

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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