AT&T Inc. (NYSE:T) Shares Acquired by Bingham Osborn & Scarborough LLC

Bingham Osborn & Scarborough LLC increased its holdings in AT&T Inc. (NYSE:T) by 10.4% during the 1st quarter, HoldingsChannel reports. The fund owned 14,949 shares of the technology company’s stock after acquiring an additional 1,404 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in AT&T were worth $453,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in T. Westside Investment Management Inc. raised its stake in AT&T by 32.7% during the fourth quarter. Westside Investment Management Inc. now owns 25,879 shares of the technology company’s stock valued at $267,944,000 after buying an additional 6,382 shares in the last quarter. Seelaus Asset Management LLC raised its stake in AT&T by 106.3% during the fourth quarter. Seelaus Asset Management LLC now owns 39,241 shares of the technology company’s stock valued at $1,129,000 after buying an additional 20,216 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in AT&T by 30.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 120,099 shares of the technology company’s stock valued at $3,635,000 after buying an additional 28,242 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of AT&T by 50.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 132,087 shares of the technology company’s stock worth $3,799,000 after purchasing an additional 44,059 shares during the period. Finally, Cibc World Markets Corp raised its position in shares of AT&T by 31.5% during the 4th quarter. Cibc World Markets Corp now owns 2,379,426 shares of the technology company’s stock worth $68,432,000 after purchasing an additional 570,162 shares during the period. Institutional investors and hedge funds own 51.17% of the company’s stock.

A number of brokerages have recently weighed in on T. CIBC reiterated a “buy” rating on shares of AT&T in a research report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $31.00 to $34.00 in a research report on Wednesday, April 28th. Barclays increased their price target on AT&T from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, April 23rd. Raymond James increased their price target on AT&T from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Finally, Oppenheimer reiterated a “hold” rating on shares of AT&T in a research report on Monday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.43.

Shares of NYSE T opened at $32.24 on Friday. The stock has a fifty day moving average price of $30.87 and a two-hundred day moving average price of $29.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $230.19 billion, a P/E ratio of 21.21, a PEG ratio of 3.04 and a beta of 0.70. AT&T Inc. has a 1 year low of $26.35 and a 1 year high of $33.24.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 21st. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $43.90 billion during the quarter, compared to analyst estimates of $42.69 billion. AT&T had a return on equity of 12.27% and a net margin of 6.42%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, research analysts predict that AT&T Inc. will post 3.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 3rd. Shareholders of record on Friday, April 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date was Thursday, April 8th. AT&T’s payout ratio is currently 58.26%.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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