Triad Wealth Partners LLC Acquires 985 Shares of AT&T Inc. $T

Triad Wealth Partners LLC grew its holdings in AT&T Inc. (NYSE:T) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,261 shares of the technology company’s stock after acquiring an additional 985 shares during the period. Triad Wealth Partners LLC’s holdings in AT&T were worth $615,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in AT&T in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T in the second quarter worth approximately $26,000. Kennebec Savings Bank grew its position in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. 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. Finally, IMA Advisory Services Inc. bought a new stake in AT&T in the first quarter worth approximately $29,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Barclays reissued an “equal weight” rating and issued a $30.00 target price on shares of AT&T in a research report on Wednesday. Bank of America began coverage on shares of AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. Sanford C. Bernstein upped their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Scotiabank upped their price objective on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a report on Friday, July 11th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Price Performance

Shares of AT&T stock opened at $26.99 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. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The firm has a fifty day moving average price of $28.62 and a two-hundred day moving average price of $27.91. The company has a market cap 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.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. During the same period in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Analysts expect 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 paid a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. AT&T’s dividend payout ratio is currently 63.07%.

AT&T Company 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.