AT&T Inc. (NYSE:T) Shares Purchased by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC grew its stake in AT&T Inc. (NYSE:T) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,156 shares of the technology company’s stock after purchasing an additional 1,085 shares during the period. Capital Advisors Wealth Management LLC’s holdings in AT&T were worth $194,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Steward Financial Group LLC boosted its holdings in AT&T by 159.7% in the 1st quarter. Steward Financial Group LLC now owns 1,561 shares of the technology company’s stock worth $30,000 after buying an additional 960 shares during the last quarter. Carmel Capital Partners LLC acquired a new stake in shares of AT&T in the first quarter valued at about $31,000. FWL Investment Management LLC purchased a new position in shares of AT&T in the fourth quarter worth about $31,000. Lakewood Asset Management LLC acquired a new position in AT&T during the fourth quarter worth about $32,000. Finally, Sageworth Trust Co purchased a new stake in AT&T during the 1st quarter valued at about $32,000. 53.65% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 0.9 %

NYSE T opened at $15.09 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $20.50. The company has a market capitalization of $107.88 billion, a price-to-earnings ratio of -12.37, a price-to-earnings-growth ratio of 1.87 and a beta of 0.64. The firm’s fifty day moving average price is $14.46 and its 200 day moving average price is $16.33.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. AT&T had a negative net margin of 7.22% and a positive return on equity of 15.91%. The firm had revenue of $29.92 billion during the quarter, compared to analysts’ expectations of $30.07 billion. During the same quarter in the prior year, the business earned $0.65 EPS. AT&T’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 2.43 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend was Friday, July 7th. AT&T’s dividend payout ratio is presently -90.98%.

Analysts Set New Price Targets

A number of research firms have weighed in on T. Royal Bank of Canada lowered their price objective on AT&T from $19.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 10th. HSBC dropped their price target on shares of AT&T from $21.00 to $19.00 in a research note on Monday, June 5th. Moffett Nathanson upgraded AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 price objective for the company in a research report on Tuesday, June 6th. Argus cut AT&T from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Barclays decreased their target price on shares of AT&T from $18.00 to $17.00 in a research report on Thursday, July 6th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T presently has an average rating of “Hold” and a consensus price target of $20.00.

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, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.