Ballentine Companions LLC lifted its stake in AT&T Inc. (NYSE:T – Free Report) by 4.2% within the second quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee. The agency owned 78,970 shares of the know-how firm’s inventory after buying an extra 3,168 shares in the course of the interval. Ballentine Companions LLC’s holdings in AT&T had been price $1,509,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A lot of different institutional buyers additionally lately made adjustments to their positions within the inventory. Cantor Fitzgerald Funding Advisors L.P. purchased a brand new stake in shares of AT&T within the 4th quarter price roughly $11,554,000. Clearbridge Investments LLC raised its holdings in shares of AT&T by 250.3% within the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the know-how firm’s inventory price $1,129,000 after buying an extra 48,091 shares within the final quarter. Skopos Labs Inc. purchased a brand new stake in shares of AT&T within the 4th quarter price roughly $839,000. Wealth Enhancement Advisory Companies LLC raised its holdings in shares of AT&T by 4.3% in the course of the second quarter. Wealth Enhancement Advisory Companies LLC now owns 1,037,529 shares of the know-how firm’s inventory valued at $19,827,000 after buying an extra 43,062 shares in the course of the interval. Lastly, M&G Plc acquired a brand new stake in shares of AT&T in the course of the first quarter valued at roughly $9,074,000. 57.10% of the inventory is owned by institutional buyers and hedge funds.
AT&T Inventory Efficiency
T inventory opened at $20.97 on Monday. The corporate has a fast ratio of 0.66, a present ratio of 0.70 and a debt-to-equity ratio of 1.05. The corporate has a market capitalization of $150.36 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of three.57 and a beta of 0.59. AT&T Inc. has a 12 month low of $14.12 and a 12 month excessive of $21.00. The agency has a 50 day shifting common of $19.31 and a two-hundred day shifting common of $18.02.
AT&T (NYSE:T – Get Free Report) final posted its earnings outcomes on Wednesday, July twenty fourth. The know-how firm reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The corporate had income of $29.80 billion in the course of the quarter, in comparison with the consensus estimate of $30.05 billion. AT&T had a internet margin of 10.41% and a return on fairness of 14.16%. The corporate’s income for the quarter was down .3% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $0.63 earnings per share. As a gaggle, equities analysts anticipate that AT&T Inc. will publish 2.2 EPS for the present fiscal yr.
AT&T Publicizes Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of document on Wednesday, July tenth got a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Wednesday, July tenth. AT&T’s dividend payout ratio is 59.68%.
Analysts Set New Worth Targets
A lot of equities analysis analysts have lately issued experiences on the inventory. Daiwa America upgraded shares of AT&T to a “maintain” ranking in a report on Friday, July twenty sixth. UBS Group restated a “purchase” ranking and set a $24.00 worth goal on shares of AT&T in a report on Tuesday, June 18th. Evercore ISI boosted their worth goal on shares of AT&T from $18.00 to $19.00 and gave the corporate an “in-line” ranking in a report on Thursday, July twenty fifth. Barclays boosted their worth goal on shares of AT&T from $20.00 to $22.00 and gave the corporate an “obese” ranking in a report on Thursday, July twenty fifth. Lastly, JPMorgan Chase & Co. boosted their worth goal on shares of AT&T from $21.00 to $24.00 and gave the corporate an “obese” ranking in a report on Thursday, July twenty fifth. 9 funding analysts have rated the inventory with a maintain ranking and ten have given a purchase ranking to the inventory. In accordance with knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a median goal worth of $22.06.
Learn Our Newest Evaluation on AT&T
About AT&T
AT&T Inc offers telecommunications and know-how companies worldwide. The corporate operates by means of two segments, Communications and Latin America. The Communications section affords wi-fi voice and knowledge communications companies; and sells handsets, wi-fi knowledge playing cards, wi-fi computing units, carrying instances/protecting covers, and wi-fi chargers by means of its personal company-owned shops, brokers, and third-party retail shops.
See Additionally
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