Alexander Labrunerie & CO. Inc. Raises Stock Holdings in AT&T Inc. $T

Alexander Labrunerie & CO. Inc. boosted its holdings in shares of AT&T Inc. (NYSE:T) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,868 shares of the technology company’s stock after purchasing an additional 1,084 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in AT&T were worth $1,096,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in AT&T during the first quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in AT&T during the second quarter worth approximately $26,000. Solstein Capital LLC boosted its position in AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Kennebec Savings Bank boosted 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 worth $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Hager Investment Management Services LLC boosted 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 worth $28,000 after purchasing an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE:T opened at $25.50 on Tuesday. AT&T Inc. has a one year low of $21.38 and a one year 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 $182.35 billion, a PE ratio of 8.28, a P/E/G ratio of 2.03 and a beta of 0.42. The stock has a 50 day moving average price of $27.90 and a 200 day moving average price of $27.76.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Williams Trading set a $33.00 target price on AT&T in a report on Thursday. Royal Bank Of Canada reduced their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.67.

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.