MGO One Seven LLC Acquires 2,078 Shares of AT&T Inc. $T

MGO One Seven LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,148 shares of the technology company’s stock after acquiring an additional 2,078 shares during the quarter. MGO One Seven LLC’s holdings in AT&T were worth $3,738,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in T. Brighton Jones LLC grew its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of AT&T by 15.5% during the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after acquiring an additional 22,195 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of AT&T by 9.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,628,232 shares of the technology company’s stock worth $74,326,000 after acquiring an additional 230,460 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of AT&T by 17.3% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,127 shares of the technology company’s stock worth $343,000 after acquiring an additional 1,792 shares in the last quarter. Finally, Abound Wealth Management grew its stake in shares of AT&T by 39.2% during the 1st quarter. Abound Wealth Management now owns 2,080 shares of the technology company’s stock worth $59,000 after acquiring an additional 586 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 1.2%

Shares of AT&T stock opened at $25.57 on Tuesday. The business has a fifty day simple moving average of $28.41 and a two-hundred day simple moving average of $27.86. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The company has a market capitalization of $182.80 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.10 and a beta of 0.42. 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 announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $30.44 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group set a $33.00 price objective on AT&T in a report on Thursday, September 18th. Barclays reissued an “equal weight” rating and issued a $30.00 price objective on shares of AT&T in a report on Wednesday, October 1st. Morgan Stanley increased their price objective on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group assumed coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

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.