AT&T Inc. (NYSE:T) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 17.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,875,722 shares of the technology company’s stock after acquiring an additional 273,369 shares during the quarter. AE Wealth Management LLC’s holdings in AT&T were worth $35,845,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vantage Financial Partners LLC lifted its holdings in shares of AT&T by 25.5% during the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock worth $641,000 after purchasing an additional 7,762 shares during the period. Gilbert & Cook Inc. lifted its holdings in shares of AT&T by 4.1% during the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after purchasing an additional 1,212 shares during the period. Aveo Capital Partners LLC lifted its holdings in shares of AT&T by 4.5% during the fourth quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock worth $466,000 after purchasing an additional 1,194 shares during the period. Gryphon Financial Partners LLC lifted its holdings in shares of AT&T by 21.8% during the fourth quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock worth $477,000 after purchasing an additional 4,870 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of AT&T by 7.8% during the fourth quarter. Brown Advisory Inc. now owns 242,324 shares of the technology company’s stock worth $4,066,000 after purchasing an additional 17,601 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 1.7 %

AT&T stock opened at $21.35 on Friday. The stock has a market capitalization of $153.08 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59. AT&T Inc. has a 12 month low of $14.12 and a 12 month high of $22.34. The business has a 50 day simple moving average of $19.82 and a 200-day simple moving average of $18.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts anticipate that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays lifted their target price on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Moffett Nathanson lifted their price target on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Oppenheimer lifted their price target on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Evercore ISI lifted their price target on AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.31.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.