Adviser Investments LLC Has $648,000 Stake in AT&T Inc. (T)

Adviser Investments LLC raised its position in AT&T Inc. (NYSE:T) by 68.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,589 shares of the technology company’s stock after buying an additional 6,341 shares during the period. Adviser Investments LLC’s holdings in AT&T were worth $648,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its stake in AT&T by 731.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,876,186 shares of the technology company’s stock worth $462,693,000 after buying an additional 9,568,534 shares during the last quarter. Greytown Advisors Inc. acquired a new stake in AT&T during the fourth quarter worth $544,000. Richard C. Young & CO. LTD. increased its stake in AT&T by 13.3% in the fourth quarter. Richard C. Young & CO. LTD. now owns 283,151 shares of the technology company’s stock worth $12,042,000 after buying an additional 33,330 shares during the last quarter. Elkfork Partners LLC acquired a new stake in AT&T during the fourth quarter worth $22,896,000. Finally, Cypress Capital Management LLC increased its stake in AT&T by 0.7% in the fourth quarter. Cypress Capital Management LLC now owns 340,625 shares of the technology company’s stock worth $14,487,000 after buying an additional 2,245 shares during the last quarter. Institutional investors own 55.28% of the company’s stock.

Shares of AT&T Inc. (NYSE:T) traded up 0.23% on Monday, reaching $38.52. 16,825,749 shares of the company’s stock traded hands. The stock has a market cap of $236.51 billion, a price-to-earnings ratio of 18.18 and a beta of 0.47. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.48. The firm’s 50-day moving average is $37.65 and its 200-day moving average is $39.78.

AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. Analysts anticipate that AT&T Inc. will post $2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s payout ratio is 92.45%.

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Several research analysts have commented on T shares. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a report on Tuesday, April 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. Tigress Financial raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 9th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research report on Monday, July 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $43.40.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.