Twin Focus Capital Partners LLC Has $552,000 Stake in AT&T Inc. (NYSE:T)

Twin Focus Capital Partners LLC raised its position in shares of AT&T Inc. (NYSE:T) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,526 shares of the technology company’s stock after purchasing an additional 1,991 shares during the quarter. Twin Focus Capital Partners LLC’s holdings in AT&T were worth $552,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tocqueville Asset Management L.P. increased its holdings in shares of AT&T by 2.5% in the 1st quarter. Tocqueville Asset Management L.P. now owns 128,971 shares of the technology company’s stock valued at $3,647,000 after purchasing an additional 3,167 shares during the period. American Century Companies Inc. grew its position in AT&T by 10.7% during the first quarter. American Century Companies Inc. now owns 7,645,589 shares of the technology company’s stock valued at $216,217,000 after purchasing an additional 738,182 shares in the last quarter. Ethic Inc. increased its stake in AT&T by 5.5% in the 1st quarter. Ethic Inc. now owns 1,080,681 shares of the technology company’s stock valued at $30,778,000 after buying an additional 56,611 shares during the period. EverSource Wealth Advisors LLC increased its stake in AT&T by 14.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 43,186 shares of the technology company’s stock valued at $1,221,000 after buying an additional 5,596 shares during the period. Finally, Aberdeen Group plc lifted its position in AT&T by 97.1% in the 1st quarter. Aberdeen Group plc now owns 5,803,532 shares of the technology company’s stock worth $164,095,000 after buying an additional 2,859,572 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on T shares. Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Wells Fargo & Company boosted their target price on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Evercore ISI upped their target price on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.21.

AT&T Price Performance

NYSE T opened at $28.89 on Friday. AT&T Inc. has a 1 year low of $19.08 and a 1 year high of $29.19. The company has a fifty day simple moving average of $27.90 and a 200 day simple moving average of $27.19. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market cap of $206.57 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.55 and a beta of 0.42.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.8%. AT&T’s dividend payout ratio is presently 63.07%.

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.