Lee Financial Co grew its stake in shares of AT&T Inc. (NYSE:T) by 1.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 22,571 shares of the technology company’s stock after acquiring an additional 395 shares during the period. Lee Financial Co’s holdings in AT&T were worth $757,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in T. Horan Securities Inc. raised its stake in AT&T by 439.2% during the 2nd quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock valued at $34,000 after purchasing an additional 830 shares during the period. Contravisory Investment Management Inc. raised its stake in AT&T by 36.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after purchasing an additional 338 shares during the period. NuWave Investment Management LLC acquired a new stake in AT&T during the 4th quarter valued at $40,000. Smart Portfolios LLC raised its stake in AT&T by 44.8% during the 4th quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock valued at $46,000 after purchasing an additional 500 shares during the period. Finally, Centaurus Financial Inc. raised its stake in AT&T by 24.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock valued at $54,000 after purchasing an additional 333 shares during the period. Institutional investors own 53.05% of the company’s stock.

Shares of NYSE T traded down $0.49 during mid-day trading on Wednesday, reaching $34.37. The company had a trading volume of 7,038,496 shares, compared to its average volume of 30,340,383. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $34.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $252.38 billion, a PE ratio of 9.76, a PEG ratio of 2.16 and a beta of 0.62. The stock has a 50 day simple moving average of $33.71.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.89. The business had revenue of $44.96 billion for the quarter, compared to the consensus estimate of $44.97 billion. AT&T had a net margin of 9.47% and a return on equity of 13.38%. AT&T’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. Sell-side analysts forecast that AT&T Inc. will post 3.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.93%. The ex-dividend date was Tuesday, July 9th. AT&T’s payout ratio is 57.95%.

Several analysts have issued reports on T shares. Credit Suisse Group raised shares of AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 target price on the stock in a research note on Thursday, July 25th. Cowen boosted their target price on shares of AT&T from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Raymond James boosted their target price on shares of AT&T from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Morgan Stanley reissued a “buy” rating and set a $37.00 target price on shares of AT&T in a research note on Thursday, August 1st. Finally, Bank of America reissued a “buy” rating and set a $37.00 target price on shares of AT&T in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. AT&T presently has a consensus rating of “Buy” and an average target price of $36.72.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $34.15, for a total transaction of $137,419.60. Following the transaction, the chief executive officer now directly owns 2,366 shares of the company’s stock, valued at $80,798.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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