ST Germain D J Co. Inc. boosted its stake in AT&T Inc. (NYSE:T - Free Report) by 95.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 27,895 shares of the technology company's stock after buying an additional 13,610 shares during the period. ST Germain D J Co. Inc.'s holdings in AT&T were worth $807,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in AT&T in the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T in the 2nd quarter valued at about $26,000. Hager Investment Management Services LLC grew its stake in AT&T by 182.1% in the 1st 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 last quarter. Core Alternative Capital grew its position in shares of AT&T by 125.4% during 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 in the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of AT&T during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 57.10% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Hsbc Global Res lowered shares of AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. HSBC lowered shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research report on Thursday, July 24th. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Finally, Bank of America assumed coverage on shares of AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.74.
Read Our Latest Report on T
AT&T Stock Performance
Shares of AT&T stock opened at $28.31 on Friday. The company has a 50 day moving average of $28.61 and a 200-day moving average of $27.87. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. 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 company has a market cap of $202.43 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 3.62 and a beta of 0.44.
AT&T (NYSE:T - Get Free Report) last issued its quarterly 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 net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T's dividend payout ratio is presently 63.07%.
About AT&T
(
Free Report)
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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