Mayflower Financial Advisors LLC Boosts Holdings in AT&T Inc. $T

Mayflower Financial Advisors LLC grew its holdings in AT&T Inc. (NYSE:T) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,792 shares of the technology company’s stock after purchasing an additional 1,626 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in AT&T were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Denali Advisors LLC increased its holdings in shares of AT&T by 5.9% in the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after acquiring an additional 22,394 shares during the period. CHURCHILL MANAGEMENT Corp increased its holdings in shares of AT&T by 1.5% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company’s stock valued at $9,380,000 after acquiring an additional 4,793 shares during the period. Kickstand Ventures LLC. acquired a new position in shares of AT&T in the 2nd quarter valued at $489,000. Sentry Investment Management LLC increased its holdings in shares of AT&T by 153.2% in the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after acquiring an additional 13,370 shares during the period. Finally, ASR Vermogensbeheer N.V. increased its holdings in shares of AT&T by 1.4% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company’s stock valued at $20,910,000 after acquiring an additional 9,970 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.13 on Thursday. The firm has a market capitalization of $179.66 billion, a P/E ratio of 8.16, a PEG ratio of 2.21 and a beta of 0.42. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79. The company’s fifty day moving average is $27.75 and its two-hundred day moving average is $27.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company 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 business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is presently 36.04%.

Wall Street Analyst Weigh In

T has been the topic of a number of recent research reports. HSBC cut shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Thursday, July 24th. Citigroup reissued a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Scotiabank set a $30.25 price objective on shares of AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.67.

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.