Pure Financial Advisors LLC Purchases 12,398 Shares of AT&T Inc. $T

Key Points

• Pure Financial Advisors LLC increased its holdings in AT&T by 42.1%, acquiring 12,398 shares, bringing their total to 41,861 shares valued at approximately $1.21 million.
• Shares of AT&T currently have a market cap of $192.95 billion with a 52-week price range of $21.05 to $29.79.
• AT&T has announced a quarterly dividend of $0.2775, which represents an annual yield of 4.1% and will be paid to shareholders on November 3rd.

Pure Financial Advisors LLC grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 42.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,861 shares of the technology company's stock after acquiring an additional 12,398 shares during the period. Pure Financial Advisors LLC's holdings in AT&T were worth $1,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of T. Stone House Investment Management LLC purchased a new position in shares of AT&T during the first quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T during the second quarter valued at about $26,000. Hager Investment Management Services LLC increased its position 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 valued at $28,000 after buying an additional 641 shares during the period. Core Alternative Capital increased its position in shares of AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. Finally, IMA Advisory Services Inc. purchased a new position in shares of AT&T during the first quarter valued at about $29,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on T shares. HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target on the stock. in a research report on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. The Goldman Sachs Group started coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 price objective on the stock. 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 objective on the stock. Finally, Morgan Stanley upped their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.74.

AT&T Trading Down 2.1%

Shares of NYSE T opened at $26.99 on Friday. The firm's 50 day moving average price is $28.62 and its 200-day moving average price is $27.91. The company has a market cap of $192.95 billion, a PE ratio of 15.33, a P/E/G ratio of 3.53 and a beta of 0.42. AT&T Inc. has a 52-week low of $21.05 and a 52-week high of $29.79. 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 (NYSE:T - Get Free Report) last issued its earnings results 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. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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 paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T's dividend payout ratio is currently 63.07%.

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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