AT&T Inc. $T Shares Bought by Schubert & Co

Schubert & Co lifted its position in shares of AT&T Inc. (NYSE:T) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,269 shares of the technology company’s stock after buying an additional 425 shares during the quarter. AT&T makes up about 0.5% of Schubert & Co’s holdings, making the stock its 27th largest position. Schubert & Co’s holdings in AT&T were worth $731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of AT&T during the 2nd quarter worth $80,317,000. Signature Estate & Investment Advisors LLC raised its stake in shares of AT&T by 3.4% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 40,044 shares of the technology company’s stock worth $1,159,000 after buying an additional 1,311 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in shares of AT&T by 6.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 48,579 shares of the technology company’s stock worth $1,406,000 after buying an additional 2,754 shares during the last quarter. Aspiriant LLC raised its stake in shares of AT&T by 9.1% during the 2nd quarter. Aspiriant LLC now owns 8,956 shares of the technology company’s stock worth $259,000 after buying an additional 745 shares during the last quarter. Finally, Rodgers & Associates LTD raised its stake in shares of AT&T by 6.9% during the 2nd quarter. Rodgers & Associates LTD now owns 10,000 shares of the technology company’s stock worth $289,000 after buying an additional 649 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.5%

T opened at $26.33 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $188.24 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.42. The business has a 50-day moving average of $28.27 and a two-hundred day moving average of $27.81. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS 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%.The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s payout ratio is presently 63.07%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on T shares. JPMorgan Chase & Co. lifted their price target on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Hsbc Global Res cut AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Scotiabank set a $30.25 price objective on AT&T and gave the stock a “sector perform” rating in a research report on Monday, October 6th. Finally, HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.65.

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.