Altshuler Shaham Ltd Purchases New Shares in AT&T Inc. (NYSE:T)

Altshuler Shaham Ltd acquired a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,591 shares of the technology company’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently bought and sold shares of T. Certified Advisory Corp increased its stake in AT&T by 1.9% in the second quarter. Certified Advisory Corp now owns 29,367 shares of the technology company’s stock valued at $561,000 after acquiring an additional 548 shares during the last quarter. Cyrus J. Lawrence LLC boosted its holdings in shares of AT&T by 76.6% in the 2nd quarter. Cyrus J. Lawrence LLC now owns 2,306 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,000 shares in the last quarter. DRW Securities LLC boosted its holdings in shares of AT&T by 642.2% in the 2nd quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock valued at $1,997,000 after purchasing an additional 90,255 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of AT&T by 55.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 26,376 shares of the technology company’s stock worth $508,000 after buying an additional 9,446 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in AT&T by 5.4% in the second quarter. Gabelli Funds LLC now owns 350,900 shares of the technology company’s stock valued at $6,706,000 after buying an additional 18,000 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on T shares. Moffett Nathanson raised their price target on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Scotiabank lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer raised their price objective on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Redburn Atlantic raised AT&T to a “strong sell” rating in a research note on Monday, September 16th. Finally, Evercore ISI upped their price target on shares of 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.31.

AT&T Stock Performance

Shares of T opened at $21.54 on Monday. The stock has a 50-day moving average of $19.88 and a 200-day moving average of $18.35. AT&T Inc. has a one year low of $14.12 and a one year high of $22.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company has a market cap of $154.45 billion, a PE ratio of 11.58, a P/E/G ratio of 3.79 and a beta of 0.59.

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

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders 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 5.15%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s payout ratio is presently 59.68%.

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.