GW Henssler & Associates Ltd. Takes $302,000 Position in AT&T Inc. $T

GW Henssler & Associates Ltd. acquired a new stake in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 10,421 shares of the technology company’s stock, valued at approximately $302,000.

Several other institutional investors have also modified their holdings of the business. SPC Financial Inc. lifted its holdings in shares of AT&T by 4.1% during the 2nd quarter. SPC Financial Inc. now owns 96,987 shares of the technology company’s stock valued at $2,807,000 after purchasing an additional 3,811 shares in the last quarter. OFI Invest Asset Management lifted its holdings in shares of AT&T by 682.6% during the 2nd quarter. OFI Invest Asset Management now owns 585,185 shares of the technology company’s stock valued at $16,935,000 after purchasing an additional 510,406 shares in the last quarter. Means Investment CO. Inc. lifted its holdings in shares of AT&T by 68.6% during the 2nd quarter. Means Investment CO. Inc. now owns 21,073 shares of the technology company’s stock valued at $610,000 after purchasing an additional 8,575 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of AT&T during the 2nd quarter valued at about $802,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of AT&T by 23.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 958,928 shares of the technology company’s stock valued at $27,761,000 after purchasing an additional 179,184 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on T shares. JPMorgan Chase & Co. lifted their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Wells Fargo & Company lifted their target price on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Bank of America started coverage on AT&T in a research report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price on the stock. Hsbc Global Res lowered 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 target price on AT&T in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

AT&T Trading Down 1.0%

Shares of AT&T stock opened at $25.85 on Friday. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The stock has a market cap of $184.82 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.10 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $28.45 and its 200-day moving average is $27.88.

AT&T (NYSE:T) last announced its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business 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 dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 63.07%.

AT&T 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.