AT&T Inc. $T Shares Purchased by Jackson Wealth Management LLC

Jackson Wealth Management LLC boosted its position in AT&T Inc. (NYSE:T) by 4.3% during the 2nd quarter, Holdings Channel reports. The fund owned 18,682 shares of the technology company’s stock after acquiring an additional 770 shares during the quarter. Jackson Wealth Management LLC’s holdings in AT&T were worth $541,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in T. Stone House Investment Management LLC acquired a new stake in AT&T during the first quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in AT&T during the second quarter worth approximately $26,000. Hager Investment Management Services LLC raised its holdings in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Kennebec Savings Bank raised its holdings in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Core Alternative Capital raised its holdings in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after purchasing an additional 568 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $27.06 on Friday. The firm’s fifty day moving average price is $28.60 and its 200 day moving average price is $27.91. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $193.49 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 63.07%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on T. UBS Group set a $33.00 price objective on shares of AT&T in a report on Thursday, September 18th. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 price objective on the stock. Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.74.

AT&T Company 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.