WBH Advisory Inc. Increases Stock Position in AT&T Inc. $T

WBH Advisory Inc. grew its stake in shares of AT&T Inc. (NYSE:T) by 34.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,194 shares of the technology company’s stock after buying an additional 5,134 shares during the period. WBH Advisory Inc.’s holdings in AT&T were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in T. Brighton Jones LLC boosted its position in AT&T by 26.5% during the 4th 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 period. GAMMA Investing LLC grew its stake in shares of 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. Ellis Investment Partners LLC acquired a new stake in shares of AT&T during the first quarter valued at about $218,000. Ridgecrest Wealth Partners LLC grew its stake in shares of AT&T by 7.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 19,808 shares of the technology company’s stock valued at $560,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of AT&T by 10.0% during the first quarter. Flagship Harbor Advisors LLC now owns 75,763 shares of the technology company’s stock valued at $2,143,000 after acquiring an additional 6,888 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T opened at $26.08 on Tuesday. The firm has a market cap of $186.45 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The company’s 50-day moving average price is $28.23 and its 200 day moving average price is $27.80. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.29% and a return on equity of 13.36%. AT&T’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on T. JPMorgan Chase & Co. upped their target price on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Raymond James Financial restated a “strong-buy” rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 target price on the stock. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. Finally, Wells Fargo & Company cut their target price on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. One investment 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’s stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.65.

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.