12,124 Shares in AT&T Inc. (NYSE:T) Purchased by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL purchased a new stake in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,124 shares of the technology company’s stock, valued at approximately $232,000.

Several other institutional investors have also recently made changes to their positions in the stock. Riggs Asset Managment Co. Inc. raised its holdings in shares of AT&T by 356.5% in the 2nd 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 period. Pineridge Advisors LLC bought a new stake in AT&T in the fourth quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. American Capital Advisory LLC boosted its stake in shares of AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in shares of AT&T during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of several research reports. Redburn Atlantic raised AT&T to a “strong sell” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. TD Cowen increased their price target on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Oppenheimer raised their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Hold” and an average target price of $22.38.

AT&T Stock Performance

Shares of AT&T stock opened at $22.13 on Wednesday. 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 company has a market cap of $158.68 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 3.75 and a beta of 0.59. The company has a 50 day moving average of $20.29 and a 200-day moving average of $18.58. AT&T Inc. has a 1-year low of $14.12 and a 1-year high of $22.34.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share 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 prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend 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.