Stratos Wealth Partners LTD. Has $8.80 Million Holdings in AT&T Inc. $T

Stratos Wealth Partners LTD. lifted its holdings in shares of AT&T Inc. (NYSE:T) by 37.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,014 shares of the technology company’s stock after purchasing an additional 82,700 shares during the period. Stratos Wealth Partners LTD.’s holdings in AT&T were worth $8,798,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of AT&T during the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in shares of AT&T during the second quarter worth $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.

AT&T Price Performance

Shares of NYSE T opened at $26.33 on Friday. The firm’s 50-day moving average price is $28.27 and its 200-day moving average price is $27.81. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The firm has a market capitalization of $188.24 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.12 and a beta of 0.42. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

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. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T’s dividend payout ratio is currently 63.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of AT&T in a report on Monday, July 7th. They issued a “buy” rating and a $32.00 target price on the stock. Citigroup restated a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Sanford C. Bernstein boosted 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. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday. One research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.65.

AT&T Company 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.