Schubert & Co Raises Stake in AT&T Inc. $T

Schubert & Co lifted its position in shares of AT&T Inc. (NYSE:T) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 25,269 shares of the technology company’s stock after purchasing an additional 425 shares during the quarter. AT&T comprises approximately 0.5% of Schubert & Co’s holdings, making the stock its 27th largest holding. Schubert & Co’s holdings in AT&T were worth $731,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC acquired a new position in AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in AT&T during the 2nd quarter worth approximately $26,000. Kennebec Savings Bank lifted its position in AT&T by 412.1% during the 2nd 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 lifted its position in AT&T by 182.1% during the 1st 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. acquired a new position in AT&T during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on AT&T in a research report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price target on the stock. HSBC lowered AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Thursday, July 24th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company cut their target price on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $30.65.

AT&T Stock Performance

T stock opened at $26.33 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. The firm has a market cap of $188.24 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.13 and a beta of 0.42. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The stock’s 50 day simple moving average is $28.27 and its 200 day simple moving average is $27.81.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is presently 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.