AT&T Inc. $T Shares Acquired by HighMark Wealth Management LLC

HighMark Wealth Management LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,904 shares of the technology company’s stock after buying an additional 494 shares during the period. HighMark Wealth Management LLC’s holdings in AT&T were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Brighton Jones LLC boosted its position in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of AT&T by 24.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,035 shares of the technology company’s stock worth $397,000 after buying an additional 2,725 shares during the period. Apella Capital LLC lifted its position in AT&T by 18.0% in the first quarter. Apella Capital LLC now owns 34,911 shares of the technology company’s stock worth $924,000 after purchasing an additional 5,321 shares during the period. Beacon Financial Group lifted its position in AT&T by 2.9% in the first quarter. Beacon Financial Group now owns 14,976 shares of the technology company’s stock worth $424,000 after purchasing an additional 417 shares during the period. Finally, HF Advisory Group LLC lifted its position in AT&T by 2.6% in the first quarter. HF Advisory Group LLC now owns 91,890 shares of the technology company’s stock worth $2,599,000 after purchasing an additional 2,306 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE:T opened at $26.99 on Friday. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The stock has a fifty day moving average of $28.62 and a 200-day moving average of $27.91. The company has a market capitalization of $192.95 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.53 and a beta of 0.42. 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 announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s payout ratio is 63.07%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Wells Fargo & Company upped their target price on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Morgan Stanley upped their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Finally, UBS Group set a $33.00 price objective on AT&T in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.74.

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.