Earned Wealth Advisors LLC Grows Stock Holdings in AT&T Inc. $T

Earned Wealth Advisors LLC lifted its holdings in AT&T Inc. (NYSE:T) by 5.6% during the second quarter, Holdings Channel reports. The fund owned 22,756 shares of the technology company’s stock after buying an additional 1,202 shares during the quarter. Earned Wealth Advisors LLC’s holdings in AT&T were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC raised 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 valued at $431,000 after buying an additional 364 shares during the last quarter. David J Yvars Group grew its holdings in AT&T by 2.8% during the second 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 during the period. AllSquare Wealth Management LLC grew its holdings 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 worth $161,000 after acquiring an additional 378 shares during the period. Barnes Wealth Management Group Inc raised its position in AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after acquiring an additional 380 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in AT&T by 0.8% in the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after acquiring an additional 381 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company reduced their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

AT&T Stock Performance

NYSE T opened at $24.66 on Friday. 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 stock’s 50 day simple moving average is $27.65 and its 200-day simple moving average is $27.72. The company has a market cap of $176.35 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79.

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

AT&T Dividend Announcement

The business also recently announced 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. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is currently 36.04%.

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.