4,495 Shares in AT&T Inc. $T Bought by Livelsberger Financial Advisory

Livelsberger Financial Advisory acquired a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,495 shares of the technology company’s stock, valued at approximately $130,000. AT&T comprises 2.5% of Livelsberger Financial Advisory’s holdings, making the stock its 12th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in AT&T during the 1st quarter worth $25,000. Hager Investment Management Services LLC grew its stake in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of AT&T in the first quarter worth $29,000. Core Alternative Capital grew its stake in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after purchasing an additional 568 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter worth $25,000. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on T shares. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, July 24th. Bank of America started coverage on AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 price target for the company. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Finally, The Goldman Sachs Group started coverage on AT&T in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.60.

AT&T Trading Up 0.3%

Shares of AT&T stock opened at $29.59 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market cap of $211.58 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. The business has a fifty day simple moving average of $28.31 and a 200-day simple moving average of $27.74. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T’s dividend payout ratio is currently 63.07%.

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.