Interchange Capital Partners LLC Has $234,000 Holdings in AT&T Inc. $T

Interchange Capital Partners LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 13.8% during the second quarter, HoldingsChannel.com reports. The firm owned 8,073 shares of the technology company’s stock after acquiring an additional 976 shares during the quarter. Interchange Capital Partners LLC’s holdings in AT&T were worth $234,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in AT&T by 30.2% during the 2nd quarter. Brighton Jones LLC now owns 60,910 shares of the technology company’s stock valued at $1,763,000 after purchasing an additional 14,117 shares during the period. Leavell Investment Management Inc. lifted its position in AT&T by 31.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 74,130 shares of the technology company’s stock valued at $2,145,000 after purchasing an additional 17,663 shares during the period. Brian Low Financial Group LLC acquired a new position in AT&T during the 2nd quarter valued at about $247,000. AG2R LA Mondiale Gestion D Actifs lifted its position in AT&T by 0.7% during the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 267,404 shares of the technology company’s stock valued at $7,739,000 after purchasing an additional 1,908 shares during the period. Finally, Focus Partners Advisor Solutions LLC lifted its position in AT&T by 19.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 158,616 shares of the technology company’s stock valued at $4,586,000 after purchasing an additional 25,902 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE T opened at $25.17 on Monday. The business has a 50 day simple moving average of $27.97 and a 200 day simple moving average of $27.76. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market cap of $179.95 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.03 and a beta of 0.42.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the prior year, the business earned $0.60 EPS. AT&T’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is presently 36.04%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Saturday. Sanford C. Bernstein lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, TD Cowen lifted their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.67.

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.