AT&T Inc. $T Shares Acquired by Insight Inv LLC

Insight Inv LLC grew its holdings in AT&T Inc. (NYSE:T) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 60,066 shares of the technology company’s stock after buying an additional 399 shares during the period. Insight Inv LLC’s holdings in AT&T were worth $1,738,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in AT&T in the first quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of AT&T during the second quarter worth about $26,000. Hager Investment Management Services LLC lifted its holdings in shares of AT&T by 182.1% during 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 during the period. Kennebec Savings Bank lifted its holdings in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the period. Finally, Core Alternative Capital lifted its holdings in shares of AT&T by 125.4% during 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 during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on T shares. Morgan Stanley lifted their target price on AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. The Goldman Sachs Group started coverage on AT&T in a report on Tuesday, September 2nd. They set a “buy” rating and a $32.00 target price for the company. Sanford C. Bernstein lifted their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. UBS Group set a $33.00 target price on AT&T in a report on Thursday, September 18th. Finally, Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

AT&T Stock Up 0.3%

Shares of T stock opened at $26.24 on Thursday. The stock has a 50 day moving average of $28.51 and a 200 day moving average of $27.90. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The stock has a market cap of $187.63 billion, a P/E ratio of 14.91, a P/E/G ratio of 3.35 and a beta of 0.42. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results 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 company had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.AT&T’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s payout ratio is 63.07%.

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.