Signaturefd LLC Purchases 9,082 Shares of AT&T Inc. $T

Key Points

• Signaturefd LLC increased its stake in AT&T Inc. by 5.6%, owning a total of 171,735 shares valued at approximately $4.97 million after purchasing an additional 9,082 shares in the second quarter.
• AT&T reported a quarterly earnings per share (EPS) of $0.54, exceeding expectations and marking a 3.4% increase in revenue year-over-year, with total revenue at $30.85 billion.
• The company will pay a quarterly dividend of $0.2775 per share on November 3rd, with an annualized dividend yield of 3.9%.

Signaturefd LLC grew its stake in AT&T Inc. (NYSE:T - Free Report) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,735 shares of the technology company's stock after purchasing an additional 9,082 shares during the quarter. Signaturefd LLC's holdings in AT&T were worth $4,970,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of AT&T in the 4th quarter valued at about $52,000. Wellington Management Group LLP raised its position in AT&T by 161.3% during the 4th quarter. Wellington Management Group LLP now owns 2,522,814 shares of the technology company's stock valued at $57,444,000 after purchasing an additional 1,557,431 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in AT&T by 2.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 33,791 shares of the technology company's stock valued at $956,000 after purchasing an additional 828 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of AT&T by 96.9% during the 1st quarter. Versant Capital Management Inc now owns 17,211 shares of the technology company's stock worth $487,000 after acquiring an additional 8,471 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T opened at $28.31 on Friday. The company has a 50-day moving average of $28.61 and a two-hundred day moving average of $27.87. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock has a market cap of $202.43 billion, a P/E ratio of 16.09, a PEG ratio of 3.62 and a beta of 0.44. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 10th. AT&T's dividend payout ratio is 63.07%.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Bank of America initiated coverage on AT&T in a report on Monday, July 7th. They issued a "buy" rating and a $32.00 target price on the stock. Scotiabank lifted their price target on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Morgan Stanley boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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