MGO One Seven LLC Purchases 42,641 Shares of AT&T Inc. $T

MGO One Seven LLC raised its position in AT&T Inc. (NYSE:T) by 33.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,789 shares of the technology company’s stock after purchasing an additional 42,641 shares during the quarter. MGO One Seven LLC’s holdings in AT&T were worth $4,851,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after buying an additional 10,310,560 shares in the last quarter. State Street Corp raised its holdings in shares of AT&T by 2.4% in the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after purchasing an additional 7,404,376 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of AT&T in the second quarter worth $5,266,758,000. Geode Capital Management LLC boosted its holdings in AT&T by 1.2% during the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock worth $4,958,066,000 after purchasing an additional 2,066,026 shares during the last quarter. Finally, Norges Bank bought a new position in AT&T in the second quarter valued at $2,228,655,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $23.74 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average price is $24.89 and its two-hundred day moving average price is $26.73. The company has a market cap of $168.27 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.31 and a beta of 0.39. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s payout ratio is 36.04%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Wolfe Research downgraded AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Royal Bank Of Canada lowered their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Scotiabank reiterated a “sector perform” rating and set a $29.50 price objective on shares of AT&T in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.42.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.