McAdam LLC Boosts Stake in AT&T Inc. $T

Key Points

• McAdam LLC increased its stake in AT&T Inc. by 25.2%, acquiring an additional 9,103 shares, bringing its total holdings to 45,221 shares valued at approximately $1.31 million.
• AT&T's recent earnings report shows a net margin of 10.29% and revenue of $30.85 billion, exceeding analyst expectations.
• Analysts have set a consensus rating of "Moderate Buy" for AT&T, with target prices ranging from $30.00 to $33.00, indicating strong market interest.

McAdam LLC boosted its position in AT&T Inc. (NYSE:T - Free Report) by 25.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,221 shares of the technology company's stock after purchasing an additional 9,103 shares during the period. McAdam LLC's holdings in AT&T were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of T. Brighton Jones LLC lifted its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Heck Capital Advisors LLC bought a new position in AT&T in the 4th quarter valued at $39,000. Menard Financial Group LLC purchased a new stake in AT&T in the fourth quarter worth $62,000. TFR Capital LLC. bought a new stake in shares of AT&T during the fourth quarter worth $202,000. Finally, Old North State Trust LLC boosted its stake in shares of AT&T by 2.3% during the fourth quarter. Old North State Trust LLC now owns 22,344 shares of the technology company's stock valued at $509,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

NYSE T opened at $28.34 on Thursday. The company has a market cap of $202.63 billion, a PE ratio of 16.10, a P/E/G ratio of 3.69 and a beta of 0.44. The firm's 50 day moving average price is $28.55 and its 200-day moving average price is $27.85. 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 52-week low of $21.05 and a 52-week high of $29.79.

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 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 company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. AT&T's revenue was up 3.4% on a year-over-year basis. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on T. Bank of America started coverage on shares of AT&T in a report on Monday, July 7th. They issued a "buy" rating and a $32.00 price target on the stock. Sanford C. Bernstein upped their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a report on Thursday, July 24th. Finally, Wells Fargo & Company lifted their target price on AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $30.74.

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.

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