Solstein Capital LLC Has $28,000 Holdings in AT&T Inc. $T

Solstein Capital LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 217.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 952 shares of the technology company’s stock after acquiring an additional 652 shares during the period. Solstein Capital LLC’s holdings in AT&T were worth $28,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Denali Advisors LLC grew its position in AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after acquiring an additional 22,394 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its holdings in AT&T by 1.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock worth $9,380,000 after buying an additional 4,793 shares during the last quarter. Kickstand Ventures LLC. bought a new position in AT&T during the second quarter worth about $489,000. Sentry Investment Management LLC lifted its holdings in AT&T by 153.2% during the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock worth $625,000 after acquiring an additional 13,370 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. lifted its holdings in AT&T by 1.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock worth $20,910,000 after acquiring an additional 9,970 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 1.4%

Shares of 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 market cap of $182.35 billion, a P/E ratio of 8.28, a P/E/G ratio of 2.03 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $27.90 and a two-hundred day simple moving average of $27.76.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Research analysts forecast 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. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio is 36.04%.

Analysts Set New Price Targets

T has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Sanford C. Bernstein lifted their price target on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Raymond James Financial restated a “strong-buy” rating and set a $33.00 price objective (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Finally, Bank of America assumed coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

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.