AT&T Inc. $T Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its stake in AT&T Inc. (NYSE:T) by 51.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,676 shares of the technology company’s stock after purchasing an additional 382,454 shares during the quarter. AT&T makes up 1.0% of U.S. Capital Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. U.S. Capital Wealth Advisors LLC’s holdings in AT&T were worth $32,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Capstone Wealth Management LLC purchased a new position in AT&T in the 1st quarter worth about $201,000. Wedmont Private Capital increased its stake in AT&T by 7.9% in the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock worth $3,302,000 after purchasing an additional 9,027 shares in the last quarter. Xponance Inc. boosted its position in AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock worth $31,389,000 after acquiring an additional 102,419 shares during the period. NBT Bank N A NY boosted its position in AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock worth $3,660,000 after acquiring an additional 8,989 shares during the period. Finally, Park Edge Advisors LLC acquired a new stake in AT&T during the 1st quarter worth about $1,000,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on T shares. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Sanford C. Bernstein raised their price objective on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Wells Fargo & Company raised their price objective on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Bank of America started coverage on AT&T in a research report on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Raymond James Financial restated a “strong-buy” rating and set a $33.00 price objective (up from $31.00) on shares of AT&T in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Performance

Shares of NYSE T opened at $29.04 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 business’s 50 day moving average is $28.45 and its two-hundred day moving average is $27.83. The company has a market cap of $207.65 billion, a P/E ratio of 16.50, a P/E/G ratio of 3.59 and a beta of 0.44. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T’s 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.