AT&T Inc. $T Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in shares of AT&T Inc. (NYSE:T) by 9.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,198,411 shares of the technology company’s stock after purchasing an additional 101,791 shares during the period. Baird Financial Group Inc.’s holdings in AT&T were worth $34,682,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Stone House Investment Management LLC acquired a new position in AT&T during the 1st quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of AT&T during the second quarter valued at about $26,000. Kennebec Savings Bank lifted 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 worth $28,000 after purchasing an additional 783 shares during the period. Solstein Capital LLC lifted its holdings in AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares during the period. Finally, Curio Wealth LLC lifted its holdings in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.5%

T opened at $25.28 on Friday. The firm’s fifty day moving average is $25.71 and its two-hundred day moving average is $27.36. The firm has a market cap of $179.19 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.49 and a beta of 0.38. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Williams Trading set a $33.00 price target on shares of AT&T in a research report on Thursday, October 23rd. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. KeyCorp raised AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Tuesday, November 11th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.64.

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.