Blue Capital Inc. Makes New Investment in AT&T Inc. $T

Blue Capital Inc. purchased a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 133,614 shares of the technology company’s stock, valued at approximately $3,867,000. AT&T makes up 2.7% of Blue Capital Inc.’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T in the second quarter worth about $26,000. Solstein Capital LLC increased 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 lifted its stake in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares in the last quarter. Curio Wealth LLC lifted its stake in AT&T by 26,100.0% in the 2nd 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 in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in AT&T in the 2nd quarter valued at $32,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $24.57 on Friday. The stock has a market cap of $174.20 billion, a price-to-earnings ratio of 7.98, a P/E/G ratio of 1.42 and a beta of 0.38. 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 Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The stock’s 50-day moving average is $25.41 and its 200 day moving average is $27.26.

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

AT&T Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein increased their price objective on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. Scotiabank set a $30.25 price target on AT&T and gave the company a “sector perform” rating in a research report on Monday, October 6th. TD Cowen boosted their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Barclays decreased their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T 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.