Hourglass Capital LLC Purchases 1,100 Shares of AT&T Inc. (NYSE:T)

Hourglass Capital LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 182,780 shares of the technology company’s stock after purchasing an additional 1,100 shares during the period. Hourglass Capital LLC’s holdings in AT&T were worth $3,493,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vantage Financial Partners LLC grew its stake in AT&T by 25.5% in the 4th quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after buying an additional 7,762 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of AT&T by 4.1% during the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after acquiring an additional 1,212 shares during the period. Fisher Asset Management LLC grew its position in shares of AT&T by 40.8% in the fourth quarter. Fisher Asset Management LLC now owns 142,331 shares of the technology company’s stock valued at $2,388,000 after purchasing an additional 41,244 shares during the last quarter. Aveo Capital Partners LLC increased its stake in shares of AT&T by 4.5% during the fourth quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock worth $466,000 after purchasing an additional 1,194 shares during the period. Finally, Gryphon Financial Partners LLC lifted its holdings in AT&T by 21.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock worth $477,000 after purchasing an additional 4,870 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.2 %

T stock opened at $20.70 on Friday. The firm has a 50-day moving average price of $19.27 and a 200-day moving average price of $17.97. AT&T Inc. has a 12 month low of $14.12 and a 12 month high of $20.87. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $148.42 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 3.36 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The firm’s revenue was down .3% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.36%. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. Moffett Nathanson increased their price objective on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Daiwa America upgraded shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their price objective on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. UBS Group reaffirmed a “buy” rating and set a $24.00 target price on shares of AT&T in a report on Tuesday, June 18th. Finally, Scotiabank cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $22.06.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.