Allworth Financial LP Has $51.11 Million Stock Holdings in AT&T Inc. $T

Allworth Financial LP lifted its holdings in AT&T Inc. (NYSE:T) by 19.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,766,096 shares of the technology company’s stock after buying an additional 288,081 shares during the quarter. Allworth Financial LP’s holdings in AT&T were worth $51,111,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in T. Stone House Investment Management LLC acquired a new stake in shares of AT&T in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T during the 2nd quarter worth approximately $26,000. Solstein Capital LLC grew its holdings in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares during the period. Kennebec Savings Bank increased its holdings in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the last quarter. Finally, Hager Investment Management Services LLC increased its stake in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on T. Sanford C. Bernstein increased their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Morgan Stanley upped their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Williams Trading set a $33.00 price target on AT&T in a report on Thursday, October 23rd. Finally, HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

AT&T Stock Up 0.3%

Shares of NYSE T opened at $24.81 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The firm has a market cap of $175.85 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The company has a 50 day simple moving average of $27.14 and a 200 day simple moving average of $27.63.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

AT&T Company Profile

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.