Crewe Advisors LLC Raises Holdings in AT&T Inc. $T

Crewe Advisors LLC increased its holdings in AT&T Inc. (NYSE:T) by 9.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,287 shares of the technology company’s stock after buying an additional 557 shares during the period. Crewe Advisors LLC’s holdings in AT&T were worth $182,000 as of its most recent filing with the Securities & Exchange Commission.

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

AT&T Stock Up 0.5%

T stock opened at $26.33 on Monday. The company 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. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The firm’s fifty day simple moving average is $28.27 and its 200-day simple moving average is $27.80. 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 posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The company 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%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed 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. This represents a $1.11 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, October 10th. AT&T’s dividend payout ratio is currently 63.07%.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. Scotiabank set a $30.25 target price on AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Barclays reissued an “equal weight” rating and set a $30.00 target price on shares of AT&T in a research report on Wednesday, October 1st. Morgan Stanley raised their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Bank of America assumed coverage on shares of AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.65.

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.