Advisory Alpha LLC Raises Stock Holdings in AT&T Inc. (NYSE:T)

Advisory Alpha LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,898 shares of the technology company’s stock after purchasing an additional 6,085 shares during the quarter. Advisory Alpha LLC’s holdings in AT&T were worth $1,527,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC purchased a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC increased its holdings in shares of AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after purchasing an additional 91,578 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,116 shares during the last quarter. Finally, American Capital Advisory LLC increased its holdings in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several recent research reports. Redburn Atlantic raised AT&T to a “strong sell” rating in a report on Monday, September 16th. Oppenheimer increased their price target on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. TD Cowen increased their price target on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Moffett Nathanson increased their price target on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, UBS Group reissued a “buy” rating and set a $24.00 target price on shares of AT&T in a research note on Tuesday, June 18th. One 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 company presently has a consensus rating of “Hold” and an average target price of $22.38.

AT&T Trading Up 0.6 %

Shares of NYSE T opened at $22.13 on Wednesday. AT&T Inc. has a twelve month low of $14.12 and a twelve month high of $22.34. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $20.29 and a 200-day simple moving average of $18.58. The stock has a market capitalization of $158.68 billion, a PE ratio of 11.90, a PEG ratio of 3.75 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. AT&T’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.02%. AT&T’s dividend payout ratio (DPR) 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.