AT&T Inc. $T Shares Acquired by Aspect Partners LLC

Aspect Partners LLC boosted its holdings in AT&T Inc. (NYSE:T) by 1,695.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,352 shares of the technology company’s stock after purchasing an additional 2,221 shares during the period. Aspect Partners LLC’s holdings in AT&T were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Parcion Private Wealth LLC grew its position in shares of AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after buying an additional 364 shares in the last quarter. Texas Bank & Trust Co boosted its stake in AT&T by 0.6% during the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock valued at $1,860,000 after acquiring an additional 364 shares during the last quarter. David J Yvars Group grew its holdings in AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after acquiring an additional 372 shares in the last quarter. AllSquare Wealth Management LLC increased its position in shares of AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after purchasing an additional 378 shares during the last quarter. Finally, Barnes Wealth Management Group Inc increased its position in shares of AT&T by 2.6% in the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after purchasing an additional 380 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Finally, Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

AT&T Price Performance

NYSE T opened at $24.74 on Friday. The company has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $27.63. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The stock has a market cap of $175.36 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 36.04%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.