Aspiriant LLC Buys 745 Shares of AT&T Inc. $T

Aspiriant LLC lifted its position in AT&T Inc. (NYSE:T) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,956 shares of the technology company’s stock after buying an additional 745 shares during the quarter. Aspiriant LLC’s holdings in AT&T were worth $259,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. David J Yvars Group raised its position in shares of AT&T by 2.8% in the second quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after buying an additional 372 shares in the last quarter. AllSquare Wealth Management LLC grew its holdings in shares of AT&T by 7.1% during the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after purchasing an additional 378 shares in the last quarter. Barnes Wealth Management Group Inc grew its holdings in shares of AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after purchasing an additional 380 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of AT&T by 0.8% in the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after purchasing an additional 381 shares during the last quarter. Finally, James J. Burns & Company LLC raised its stake in AT&T by 1.0% in the second quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock valued at $1,168,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.5%

Shares of NYSE:T opened at $26.33 on Friday. The stock has a market capitalization of $188.24 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42. The stock’s 50-day moving average price is $28.27 and its 200-day moving average price is $27.81. 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.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share 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 company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period in the prior year, the business posted $0.51 EPS. AT&T’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research reports. Wells Fargo & Company cut their price target on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday. The Goldman Sachs Group assumed coverage on AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Scotiabank set a $30.25 price target on AT&T and gave the company a “sector perform” rating in a research report on Monday, October 6th. Morgan Stanley upped their price objective on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Sanford C. Bernstein raised their price objective on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. One research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.65.

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.