Integrity Alliance LLC. Purchases 58,759 Shares of AT&T Inc. $T

Integrity Alliance LLC. raised its position in shares of AT&T Inc. (NYSE:T) by 111.7% during the 1st quarter, Holdings Channel reports. The fund owned 111,384 shares of the technology company’s stock after purchasing an additional 58,759 shares during the period. Integrity Alliance LLC.’s holdings in AT&T were worth $3,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Minot DeBlois Advisors LLC bought a new position in AT&T during the fourth quarter valued at $25,000. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at about $25,000. Stone House Investment Management LLC bought a new position in shares of AT&T in the 1st quarter valued at about $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the 4th quarter valued at about $27,000. Finally, Hager Investment Management Services LLC grew its position in AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the subject of a number of recent research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a report on Thursday, July 24th. Finally, UBS Group set a $32.00 price target on shares of AT&T in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $30.60.

AT&T Stock Down 0.7%

Shares of T opened at $29.21 on Thursday. The firm has a fifty day moving average price of $28.26 and a 200-day moving average price of $27.69. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $208.88 billion, a P/E ratio of 16.60, a P/E/G ratio of 3.66 and a beta of 0.44. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T’s payout ratio is presently 63.07%.

About AT&T

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.