Oak Hill Wealth Advisors LLC Grows Stake in AT&T Inc. $T

Key Points

• Oak Hill Wealth Advisors LLC increased its stake in AT&T by 48.5% during the 2nd quarter, now owning 34,512 shares valued at approximately $976,000.
• AT&T reported $0.54 earnings per share for the last quarter, exceeding analysts' estimates of $0.53, along with a 3.4% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.2775 per share, with a dividend yield of 4.1%, payable on November 3rd.

Oak Hill Wealth Advisors LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 48.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,512 shares of the technology company's stock after purchasing an additional 11,265 shares during the quarter. Oak Hill Wealth Advisors LLC's holdings in AT&T were worth $976,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in AT&T during the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the 2nd quarter worth approximately $26,000. Hager Investment Management Services LLC boosted 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 worth $28,000 after purchasing an additional 641 shares during the period. Kennebec Savings Bank boosted its holdings in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company's stock worth $28,000 after purchasing an additional 783 shares during the period. Finally, Core Alternative Capital boosted its holdings in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after purchasing an additional 568 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Trading Up 0.2%

T opened at $27.06 on Friday. The firm has a market cap of $193.49 billion, a P/E ratio of 15.38, a P/E/G ratio of 3.46 and a beta of 0.42. The business has a fifty day simple moving average of $28.60 and a 200-day simple moving average of $27.91. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T - Get Free Report) last released its earnings results 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. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period last year, the business posted $0.51 earnings per share. AT&T's revenue was up 3.4% compared to the same quarter last year. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. AT&T's payout ratio is 63.07%.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. UBS Group set a $33.00 price target on AT&T in a research note on Thursday, September 18th. Sanford C. Bernstein boosted their price target on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. The Goldman Sachs Group assumed 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. Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, Scotiabank increased their target price on AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $30.74.

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.

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