Trilogy Capital Inc. Acquires 10,284 Shares of AT&T Inc. $T

Key Points

• Trilogy Capital Inc. significantly increased its stake in AT&T Inc. by 86.1%, acquiring an additional 10,284 shares, bringing their total holdings to 22,233 shares valued at $643,000.
• AT&T recently reported quarterly earnings of $0.54 per share, slightly exceeding analyst expectations, alongside a 3.4% year-over-year revenue increase to $30.85 billion.
• The company declared a quarterly dividend of $0.2775 per share, representing an annualized yield of 4.0%, with the payment set for November 3rd to shareholders of record by October 10th.

Trilogy Capital Inc. raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 86.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,233 shares of the technology company's stock after purchasing an additional 10,284 shares during the period. Trilogy Capital Inc.'s holdings in AT&T were worth $643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC purchased a new stake in shares of AT&T during the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T during the second quarter valued at approximately $26,000. Hager Investment Management Services LLC grew its holdings 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 last quarter. Core Alternative Capital grew its holdings 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 last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in shares of AT&T during the first quarter valued at approximately $29,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Down 2.5%

T opened at $27.55 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The company has a market capitalization of $196.96 billion, a PE ratio of 15.65, a PEG ratio of 3.62 and a beta of 0.42. The firm's 50 day simple moving average is $28.63 and its two-hundred day simple moving average is $27.91.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share 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 business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same period last year, the firm earned $0.51 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T's dividend payout ratio (DPR) is presently 63.07%.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 target price on the stock. Barclays restated an "equal weight" rating and issued a $30.00 target price on shares of AT&T in a report on Wednesday. Finally, Sanford C. Bernstein raised their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.74.

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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