Tectonic Advisors LLC Acquires 21,371 Shares of AT&T Inc. $T

Key Points

• Tectonic Advisors LLC increased its holdings in AT&T Inc. by 5.0%, acquiring an additional 21,371 shares, bringing their total ownership to 446,398 shares valued at approximately $12.9 million.
• Analyst ratings for AT&T show a positive sentiment, with **Raymond James** setting a target price of **$33.00** and most analysts maintaining a rating of "Buy" or "Strong Buy".
• AT&T declared a quarterly dividend of **$0.2775 per share**, which will be paid on November 3rd, reflecting a **4.2%** annual yield based on current prices.

Tectonic Advisors LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,398 shares of the technology company's stock after purchasing an additional 21,371 shares during the period. AT&T makes up about 0.8% of Tectonic Advisors LLC's holdings, making the stock its 24th biggest position. Tectonic Advisors LLC's holdings in AT&T were worth $12,919,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. GAMMA Investing LLC increased its stake in AT&T by 15.5% in the first quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company's stock valued at $4,673,000 after purchasing an additional 22,195 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of AT&T by 161.7% during the first quarter. Simplicity Wealth LLC now owns 40,674 shares of the technology company's stock valued at $1,150,000 after purchasing an additional 25,129 shares during the period. Sanibel Captiva Trust Company Inc. boosted its position in shares of AT&T by 1.2% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 99,777 shares of the technology company's stock worth $2,822,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Kozak & Associates Inc. grew its stake in shares of AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after buying an additional 398 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Raymond James Financial reiterated a "strong-buy" rating and issued a $33.00 price target (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Sanford C. Bernstein increased their target price on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Bank of America began coverage on shares of AT&T in a research report on Monday, July 7th. They issued a "buy" rating and a $32.00 price target for the company. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of AT&T in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.75.

AT&T Stock Performance

Shares of AT&T stock opened at $26.24 on Thursday. The business's fifty day simple moving average is $28.51 and its 200 day simple moving average is $27.90. 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 $187.63 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 3.35 and a beta of 0.42. 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 posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) 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 business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T's dividend payout ratio is presently 63.07%.

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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