Vigilare Wealth Management Makes New Investment in AT&T Inc. $T

Key Points

• Vigilare Wealth Management has made a new investment in AT&T by acquiring 10,865 shares valued at approximately $314,000 in the second quarter.
• Several analysts have raised their price targets for AT&T, with Raymond James setting a new target of $33.00, indicating a positive outlook for the stock.
• AT&T recently declared a quarterly dividend of $0.2775 per share, amounting to an annualized yield of 3.9%, which will be paid to investors of record on October 10th.

Vigilare Wealth Management bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,865 shares of the technology company's stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in shares of AT&T during the first quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T during the second quarter valued at approximately $26,000. Hager Investment Management Services LLC raised its position in 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 acquiring an additional 641 shares in the last quarter. IMA Advisory Services Inc. purchased a new position in AT&T during the first quarter valued at approximately $29,000. Finally, Core Alternative Capital raised its position in 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 acquiring an additional 568 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on T shares. Raymond James Financial reiterated a "strong-buy" rating and set a $33.00 price target (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Sanford C. Bernstein lifted their price target on AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday, August 26th. Wells Fargo & Company boosted their price objective on AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group started coverage on AT&T in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $30.74.

AT&T Price Performance

T opened at $28.25 on Wednesday. The stock's 50-day moving average price is $28.64 and its 200 day moving average price is $27.91. AT&T Inc. has a 12-month low of $21.05 and a 12-month 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 firm has a market cap of $202.00 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.59 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.AT&T's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors 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 (DPR) is currently 63.07%.

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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