AT&T Inc. $T Shares Bought by L.M. Kohn & Company

L.M. Kohn & Company boosted its stake in shares of AT&T Inc. (NYSE:T) by 5.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,876 shares of the technology company’s stock after purchasing an additional 1,013 shares during the period. L.M. Kohn & Company’s holdings in AT&T were worth $604,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Parcion Private Wealth LLC boosted its stake in shares of AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after acquiring an additional 364 shares in the last quarter. David J Yvars Group boosted its stake in shares of AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after acquiring an additional 372 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in shares of AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after acquiring an additional 378 shares in the last quarter. Barnes Wealth Management Group Inc boosted its stake in shares of AT&T by 2.6% during the 1st quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after acquiring an additional 380 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of AT&T by 0.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock worth $1,470,000 after acquiring an additional 381 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. Barclays lowered 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 note on Thursday, October 23rd. Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price target on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Stock Up 0.7%

T stock opened at $25.71 on Wednesday. The company has a market cap of $183.80 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.07 and a beta of 0.42. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $21.38 and a 12 month high of $29.79. The firm has a 50-day moving average of $27.83 and a two-hundred day moving average of $27.75.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company 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%. AT&T’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders 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 dividend on an annualized basis and a yield of 4.3%. AT&T’s dividend payout ratio is presently 36.04%.

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.