Oppenheimer & Co. Inc. Has $18.42 Million Stock Holdings in AT&T Inc. (NYSE:T)

Oppenheimer & Co. Inc. raised its holdings in AT&T Inc. (NYSE:T) by 36.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 963,923 shares of the technology company’s stock after acquiring an additional 255,279 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AT&T were worth $18,421,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Equity Investment Corp increased its holdings in AT&T by 3.0% in the second quarter. Equity Investment Corp now owns 9,043,984 shares of the technology company’s stock valued at $172,831,000 after purchasing an additional 266,717 shares during the period. Vest Financial LLC increased its stake in shares of AT&T by 10.3% in the second quarter. Vest Financial LLC now owns 38,865 shares of the technology company’s stock valued at $743,000 after buying an additional 3,637 shares during the period. PFG Advisors raised its position in shares of AT&T by 5.8% during the second quarter. PFG Advisors now owns 43,121 shares of the technology company’s stock worth $824,000 after acquiring an additional 2,376 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of AT&T by 22.0% in the second quarter. Thornburg Investment Management Inc. now owns 24,988,396 shares of the technology company’s stock worth $477,528,000 after acquiring an additional 4,511,725 shares during the period. Finally, Achmea Investment Management B.V. boosted its holdings in AT&T by 5.9% in the second quarter. Achmea Investment Management B.V. now owns 662,088 shares of the technology company’s stock valued at $12,652,000 after acquiring an additional 36,593 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.7 %

Shares of NYSE T opened at $21.59 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company has a 50-day moving average price of $19.53 and a 200-day moving average price of $18.13. The stock has a market capitalization of $154.81 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.65 and a beta of 0.59. AT&T Inc. has a 1 year low of $14.12 and a 1 year high of $21.86.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. UBS Group restated a “buy” rating and issued a $24.00 target price on shares of AT&T in a report on Tuesday, June 18th. Citigroup increased their price target on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI boosted their price objective on AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, July 25th. Finally, Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.31.

AT&T Company 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.