Linscomb Wealth Inc. Purchases 1,962 Shares of AT&T Inc. $T

Linscomb Wealth Inc. grew its position in AT&T Inc. (NYSE:T) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,629 shares of the technology company’s stock after purchasing an additional 1,962 shares during the quarter. Linscomb Wealth Inc.’s holdings in AT&T were worth $1,118,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of T. Brighton Jones LLC boosted its stake in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of AT&T by 74.9% during the 1st quarter. Golden State Wealth Management LLC now owns 7,341 shares of the technology company’s stock valued at $208,000 after acquiring an additional 3,143 shares during the period. Private Trust Co. NA lifted its position in shares of AT&T by 2.9% during the 1st quarter. Private Trust Co. NA now owns 63,810 shares of the technology company’s stock valued at $1,805,000 after acquiring an additional 1,777 shares during the period. Novem Group lifted its position in shares of AT&T by 1.5% during the 1st quarter. Novem Group now owns 33,106 shares of the technology company’s stock valued at $936,000 after acquiring an additional 483 shares during the period. Finally, Resonant Capital Advisors LLC lifted its position in shares of AT&T by 18.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 27,243 shares of the technology company’s stock valued at $770,000 after acquiring an additional 4,336 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

T opened at $24.76 on Friday. The firm has a market cap of $177.01 billion, a P/E ratio of 8.04, a PEG ratio of 2.16 and a beta of 0.42. The firm has a 50-day moving average of $27.57 and a 200 day moving average of $27.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 36.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on T. Williams Trading set a $33.00 target price on shares of AT&T in a research report on Thursday, October 23rd. HSBC downgraded 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 report on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. TD Cowen boosted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Finally, Barclays lowered their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

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.