Woodward Diversified Capital LLC Boosts Stake in AT&T Inc. $T

Woodward Diversified Capital LLC lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,407 shares of the technology company's stock after purchasing an additional 10,046 shares during the period. AT&T comprises about 0.8% of Woodward Diversified Capital LLC's portfolio, making the stock its 28th largest holding. Woodward Diversified Capital LLC's holdings in AT&T were worth $1,603,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC raised its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of AT&T by 24.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,035 shares of the technology company's stock worth $397,000 after purchasing an additional 2,725 shares in the last quarter. Apella Capital LLC increased its stake in shares of AT&T by 18.0% during the first quarter. Apella Capital LLC now owns 34,911 shares of the technology company's stock worth $924,000 after purchasing an additional 5,321 shares in the last quarter. Amplius Wealth Advisors LLC raised its position in shares of AT&T by 18.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 15,224 shares of the technology company's stock worth $431,000 after purchasing an additional 2,342 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its holdings in AT&T by 89.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 40,242 shares of the technology company's stock worth $1,138,000 after buying an additional 19,011 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on T. HSBC downgraded 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. Scotiabank raised their price objective on AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Sanford C. Bernstein upped 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. UBS Group set a $33.00 target price on shares of AT&T in a research report on Thursday, September 18th. Finally, Morgan Stanley boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.74.

AT&T Stock Down 2.5%

NYSE T opened at $27.55 on Thursday. The business's fifty day simple moving average is $28.63 and its 200-day simple moving average is $27.91. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market cap of $196.96 billion, a PE ratio of 15.65, a P/E/G ratio of 3.62 and a beta of 0.42. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79.

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

AT&T Dividend Announcement

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 given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T's payout ratio is presently 63.07%.

AT&T 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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