Bar Harbor Wealth Management Acquires 3,118 Shares of AT&T Inc. $T

Bar Harbor Wealth Management grew its holdings in shares of AT&T Inc. (NYSE:T) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,193 shares of the technology company’s stock after purchasing an additional 3,118 shares during the quarter. Bar Harbor Wealth Management’s holdings in AT&T were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Brighton Jones LLC raised its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. GAMMA Investing LLC grew its stake in AT&T by 15.5% in the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock valued at $4,673,000 after buying an additional 22,195 shares during the last quarter. Donaldson Capital Management LLC grew its stake in AT&T by 94.1% in the 1st quarter. Donaldson Capital Management LLC now owns 31,872 shares of the technology company’s stock valued at $901,000 after buying an additional 15,448 shares during the last quarter. Focus Financial Network Inc. grew its stake in AT&T by 5.4% in the 1st quarter. Focus Financial Network Inc. now owns 20,679 shares of the technology company’s stock valued at $585,000 after buying an additional 1,054 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in AT&T by 13.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 5,485 shares of the technology company’s stock valued at $155,000 after buying an additional 667 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $26.12 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market capitalization of $186.77 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 3.36 and a beta of 0.42. The company’s fifty day moving average is $28.49 and its two-hundred day moving average is $27.89. AT&T Inc. has a 52-week low of $21.05 and a 52-week high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group set a $33.00 target price on shares of AT&T in a research note on Thursday, September 18th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Wells Fargo & Company raised their target price on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Scotiabank set a $30.25 target price on shares of AT&T and gave the company a “sector perform” rating in a research note on Monday. Finally, Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

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.