Fairvoy Private Wealth LLC Boosts Holdings in AT&T Inc. $T

Fairvoy Private Wealth LLC raised its stake in AT&T Inc. (NYSE:T) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,627 shares of the technology company’s stock after buying an additional 1,385 shares during the period. Fairvoy Private Wealth LLC’s holdings in AT&T were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in T. Stone House Investment Management LLC bought a new position in shares of AT&T in the 1st quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T in the 2nd quarter worth $26,000. Hager Investment Management Services LLC increased its holdings in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after buying an additional 641 shares during the last quarter. Kennebec Savings Bank increased its holdings in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after buying an additional 783 shares during the last quarter. Finally, Core Alternative Capital increased its holdings in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after buying an additional 568 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $27.06 on Friday. The firm has a market cap of $193.49 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. 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 company’s fifty day simple moving average is $28.60 and its two-hundred day simple moving average is $27.91.

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

AT&T Announces Dividend

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 given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Thursday, July 24th. Bank of America started coverage on shares of AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 target price on the stock. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. UBS Group set a $33.00 target price on shares of AT&T in a report on Thursday, September 18th. Finally, Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $30.74.

About AT&T

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.