Callan Family Office LLC Increases Holdings in AT&T Inc. $T

Callan Family Office LLC lifted its position in AT&T Inc. (NYSE:T) by 257.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,631 shares of the technology company’s stock after purchasing an additional 113,552 shares during the quarter. Callan Family Office LLC’s holdings in AT&T were worth $4,562,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of T. Brighton Jones LLC raised its stake in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the last quarter. GAMMA Investing LLC raised its position in AT&T by 15.5% during the first quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock valued at $4,673,000 after acquiring an additional 22,195 shares in the last quarter. Focus Financial Network Inc. raised its position in AT&T by 5.4% during the first quarter. Focus Financial Network Inc. now owns 20,679 shares of the technology company’s stock valued at $585,000 after acquiring an additional 1,054 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in AT&T by 13.8% during the first quarter. Capital Advisors Ltd. LLC now owns 5,485 shares of the technology company’s stock valued at $155,000 after acquiring an additional 667 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in AT&T by 1.4% during the first quarter. Fifth Third Bancorp now owns 933,782 shares of the technology company’s stock valued at $26,407,000 after acquiring an additional 12,927 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 1.0%

Shares of T opened at $25.85 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The stock’s 50 day moving average is $28.45 and its two-hundred day moving average is $27.88. The firm has a market cap of $184.82 billion, a P/E ratio of 14.69, a PEG ratio of 2.12 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared 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 of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s payout ratio is currently 63.07%.

Analysts Set New Price Targets

Several brokerages recently weighed in on T. Morgan Stanley lifted their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Scotiabank set a $30.25 price target on AT&T and gave the company a “sector perform” rating in a research report on Monday. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. Sanford C. Bernstein lifted their price target on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a 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 seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

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.