AT&T Inc. (NYSE:T) Shares Bought by S. R. Schill & Associates

S. R. Schill & Associates boosted its stake in AT&T Inc. (NYSE:T) by 87.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,418 shares of the technology company’s stock after purchasing an additional 19,800 shares during the quarter. S. R. Schill & Associates’ holdings in AT&T were worth $811,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in AT&T in the fourth quarter valued at approximately $11,554,000. Provence Wealth Management Group boosted its position in AT&T by 55.8% during the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock worth $272,000 after purchasing an additional 5,807 shares during the period. Clearbridge Investments LLC increased its holdings in AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock valued at $1,129,000 after purchasing an additional 48,091 shares in the last quarter. Brighton Jones LLC raised its position in AT&T by 12.6% in the fourth quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock valued at $776,000 after purchasing an additional 5,161 shares during the period. Finally, Summa Corp. acquired a new position in shares of AT&T during the fourth quarter worth about $395,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

T traded down $0.06 during trading on Monday, reaching $19.43. The stock had a trading volume of 22,393,723 shares, compared to its average volume of 36,626,531. The stock has a 50 day moving average of $18.66 and a two-hundred day moving average of $17.66. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $139.32 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 3.23 and a beta of 0.58. AT&T Inc. has a 1-year low of $13.92 and a 1-year high of $19.99.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts anticipate that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio is presently 59.68%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer boosted their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Evercore ISI raised their price objective on AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, July 25th. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Scotiabank cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays increased their price objective on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

About AT&T

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, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.