Stableford Capital II LLC Buys 1,921 Shares of AT&T Inc. $T

Stableford Capital II LLC increased its stake in AT&T Inc. (NYSE:T) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,705 shares of the technology company’s stock after buying an additional 1,921 shares during the period. Stableford Capital II LLC’s holdings in AT&T were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new position in shares of AT&T during the second quarter valued at $5,266,758,000. Nuveen LLC bought a new position in AT&T in the 1st quarter worth about $1,072,128,000. GQG Partners LLC boosted its stake in AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after purchasing an additional 17,177,874 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in AT&T by 30,527.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after purchasing an additional 11,920,392 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in AT&T by 350.4% during the 1st quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after purchasing an additional 8,841,126 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.2%

AT&T stock opened at $26.07 on Thursday. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The stock has a fifty day moving average of $28.34 and a 200 day moving average of $27.84. 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 has a market cap of $186.43 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.42.

AT&T (NYSE:T) last released its quarterly earnings results 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 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 period in the previous year, the company posted $0.51 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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 given a $0.2775 dividend. The ex-dividend date 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 presently 63.07%.

Analysts Set New Price Targets

T has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price for the company. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Scotiabank set a $30.25 target price on AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Finally, Barclays reissued an “equal weight” rating and issued a $30.00 target price on shares of AT&T in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

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.