Rodgers & Associates LTD Acquires 649 Shares of AT&T Inc. $T

Rodgers & Associates LTD increased its holdings in AT&T Inc. (NYSE:T) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the technology company’s stock after buying an additional 649 shares during the period. Rodgers & Associates LTD’s holdings in AT&T were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in AT&T in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in AT&T during the second quarter valued at approximately $26,000. Kennebec Savings Bank lifted its position in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after acquiring an additional 783 shares during the last quarter. Hager Investment Management Services LLC lifted its position 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 valued at $28,000 after acquiring an additional 641 shares during the last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in AT&T during the first quarter valued at approximately $29,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank set a $30.25 target price on shares of AT&T and gave the company a “sector perform” rating in a research report on Monday, October 6th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Bank of America assumed coverage on shares of AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 target price for the company. Raymond James Financial reissued a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Finally, Hsbc Global Res cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $30.65.

AT&T Trading Up 0.5%

Shares of AT&T stock opened at $26.33 on Friday. 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 market capitalization of $188.24 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.12 and a beta of 0.42. The firm’s 50 day simple moving average is $28.27 and its two-hundred day simple moving average is $27.81.

AT&T (NYSE:T) last issued 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. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s dividend payout ratio is presently 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.