Steigerwald Gordon & Koch Inc. Increases Stock Position in AT&T Inc. $T

Key Points

• Steigerwald Gordon & Koch Inc. increased its AT&T stock position by 2.4%, now holding 398,207 shares valued at approximately $11.52 million.
• AT&T recently reported a net margin of 10.29% and earnings per share of $0.54, exceeding analysts' expectations.
• The company declared a quarterly dividend of $0.2775 per share, resulting in an annualized dividend yield of 3.8%.

Steigerwald Gordon & Koch Inc. boosted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 398,207 shares of the technology company's stock after acquiring an additional 9,167 shares during the period. Steigerwald Gordon & Koch Inc.'s holdings in AT&T were worth $11,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of T. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $25,000. Stone House Investment Management LLC purchased a new position in shares of AT&T during the first quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T during the 2nd quarter valued at about $26,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the 4th quarter valued at about $27,000. Finally, Hager Investment Management Services LLC raised its stake in shares of AT&T by 182.1% during 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. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 0.3%

AT&T stock opened at $28.92 on Tuesday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The stock's fifty day simple moving average is $28.49 and its 200-day simple moving average is $27.84. 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 firm has a market capitalization of $206.79 billion, a P/E ratio of 16.43, a P/E/G ratio of 3.59 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T's payout ratio is presently 63.07%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent analyst reports. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research note on Thursday, July 24th. Raymond James Financial reiterated a "strong-buy" rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a report on Thursday. Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Wells Fargo & Company boosted their target price on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Bank of America began coverage on shares of AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 price target on the stock. One investment 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 company's stock. According to MarketBeat, AT&T has an average rating of "Moderate Buy" and an average 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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