AT&T Inc. $T Shares Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC raised its position in AT&T Inc. (NYSE:T) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,581 shares of the technology company’s stock after buying an additional 538 shares during the period. Cypress Wealth Services LLC’s holdings in AT&T were worth $422,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 22,195 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in 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 purchasing an additional 230,460 shares during the last quarter. Keystone Wealth Services LLC acquired a new stake in AT&T during the 1st quarter worth $203,000. Finally, Hanson & Doremus Investment Management boosted its stake in AT&T by 6.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 13,393 shares of the technology company’s stock worth $379,000 after purchasing an additional 800 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on T. Wells Fargo & Company lifted their target price on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 target price on the stock. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.75.

AT&T Trading Up 2.1%

Shares of T opened at $26.12 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The firm has a 50-day moving average price of $28.37 and a 200 day moving average price of $27.85. The firm has a market capitalization of $186.74 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.07 and a beta of 0.42.

AT&T (NYSE:T) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. AT&T’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio 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.