79,494 Shares in AT&T Inc. $T Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new position in shares of AT&T Inc. (NYSE:T – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 79,494 shares of the technology company’s stock, valued at approximately $1,940,000.

A number of other institutional investors have also recently added to or reduced their stakes in T. Orion Capital Management LLC acquired a new stake in AT&T in the second quarter valued at $26,000. Addison Advisors LLC bought a new position in AT&T during the 2nd quarter worth $27,000. Fairway Wealth LLC bought a new position in AT&T during the 1st quarter worth $29,000. Robinswood Financial LLC acquired a new position in AT&T during the 1st quarter worth about $29,000. Finally, Matrix Trust Co lifted its holdings in AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after buying an additional 1,148 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

T stock opened at $20.83 on Tuesday. The firm has a market cap of $140.30 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.04 and a beta of 0.25. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company’s fifty day simple moving average is $24.76 and its 200 day simple moving average is $25.04.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that AT&T Inc. will post 2.39 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s payout ratio is currently 60.00%.

Analyst Ratings Changes

A number of equities research analysts have commented on T shares. The Goldman Sachs Group set a $27.00 price target on AT&T in a research report on Wednesday, October 21st. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. KeyCorp cut their price objective on AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.55.

Check Out Our Latest Research Report on AT&T

AT&T Company Profile

(Free Report)

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

See Also

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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