CHURCHILL MANAGEMENT Corp Grows Stock Holdings in AT&T Inc. $T

CHURCHILL MANAGEMENT Corp boosted its position in AT&T Inc. (NYSE:T) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 324,104 shares of the technology company’s stock after acquiring an additional 4,793 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in AT&T were worth $9,380,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. David J Yvars Group grew its stake in AT&T by 2.8% in the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after buying an additional 372 shares during the last quarter. AllSquare Wealth Management LLC grew its stake in AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after buying an additional 378 shares during the last quarter. Next Level Private LLC grew its stake in AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock valued at $3,206,000 after buying an additional 379 shares during the last quarter. Barnes Wealth Management Group Inc grew its stake in AT&T by 2.6% in the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after buying an additional 380 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its stake in AT&T by 0.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after buying an additional 381 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Morgan Stanley raised their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Scotiabank raised their price target on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Thursday, July 24th. Finally, Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $30.74.

AT&T Price Performance

NYSE:T opened at $27.55 on Thursday. The company has a 50-day moving average of $28.63 and a 200-day moving average of $27.91. The company has a market capitalization of $196.96 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 3.62 and a beta of 0.42. AT&T Inc. has a 52 week low of $21.05 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion during 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 for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 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.