Vigilare Wealth Management Buys Shares of 10,865 AT&T Inc. $T

Vigilare Wealth Management bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, Holdings Channel reports. The firm bought 10,865 shares of the technology company’s stock, valued at approximately $314,000.

Other hedge funds have also modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in shares of AT&T in the 1st quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T in the second quarter worth $26,000. Hager Investment Management Services LLC raised its holdings in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of AT&T in the first quarter valued at $29,000. Finally, Core Alternative Capital grew its position in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after purchasing an additional 568 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. UBS Group set a $33.00 target price on AT&T in a research report on Thursday, September 18th. Scotiabank increased their price target on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a report on Friday, July 11th. Citigroup restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, Barclays set a $30.00 price objective on AT&T in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T Stock Performance

Shares of T stock opened at $28.25 on Wednesday. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The firm has a market capitalization of $202.00 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44. The business has a 50 day simple moving average of $28.64 and a 200 day simple moving average of $27.91. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

AT&T (NYSE:T) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) 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.