Hobart Private Capital LLC Has $531,000 Stock Holdings in AT&T Inc. $T

Hobart Private Capital LLC raised its stake in AT&T Inc. (NYSE:T) by 67.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,361 shares of the technology company’s stock after purchasing an additional 7,418 shares during the period. Hobart Private Capital LLC’s holdings in AT&T were worth $531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in AT&T in the first quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in AT&T in the second quarter valued at $26,000. Hager Investment Management Services LLC increased its stake in AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. Kennebec Savings Bank increased its stake in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Core Alternative Capital increased its stake in AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after purchasing an additional 568 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of several recent research reports. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group began 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. Morgan Stanley upped their target price on shares of AT&T from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday. Finally, Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Stock Up 2.2%

AT&T stock opened at $25.17 on Friday. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The stock has a market cap of $179.95 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.42. The firm’s 50-day simple moving average is $27.97 and its 200 day simple moving average is $27.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.01.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s payout ratio is currently 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.