Strs Ohio Acquires Shares of 2,157,711 AT&T Inc. $T

Strs Ohio acquired a new stake in AT&T Inc. (NYSE:T) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,157,711 shares of the technology company’s stock, valued at approximately $61,020,000.

Several other hedge funds and other institutional investors have also made changes to their positions in T. AllSquare Wealth Management LLC grew its holdings in shares of AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after acquiring an additional 378 shares during the period. Next Level Private LLC boosted its holdings in shares of AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock worth $3,206,000 after purchasing an additional 379 shares during the last quarter. Barnes Wealth Management Group Inc boosted its holdings in shares of AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after purchasing an additional 380 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after purchasing an additional 384 shares during the last quarter. Finally, Kozak & Associates Inc. boosted its holdings in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock worth $126,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on T. The Goldman Sachs Group began coverage on AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Scotiabank increased their target price on AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Wells Fargo & Company increased their target price on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, July 24th. Finally, Morgan Stanley increased their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.60.

AT&T Stock Down 0.7%

Shares of NYSE T opened at $29.21 on Thursday. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The firm has a market cap of $208.88 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 3.66 and a beta of 0.44. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s 50-day simple moving average is $28.26 and its 200-day simple moving average is $27.69.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is 63.07%.

About AT&T

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.