Horan Securities Inc. Purchases New Shares in AT&T Inc. $T

Horan Securities Inc. acquired a new position in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 7,465 shares of the technology company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently bought and sold shares of the company. Parcion Private Wealth LLC raised its holdings in shares of AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after acquiring an additional 364 shares during the period. Texas Bank & Trust Co grew its position in AT&T by 0.6% during the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock worth $1,860,000 after purchasing an additional 364 shares in the last quarter. David J Yvars Group raised its stake in AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after purchasing an additional 372 shares during the period. AllSquare Wealth Management LLC lifted its holdings in shares of AT&T by 7.1% in the first quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after purchasing an additional 378 shares in the last quarter. Finally, Barnes Wealth Management Group Inc boosted its position in shares of AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock worth $425,000 after buying an additional 380 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. TD Cowen upped their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Morgan Stanley boosted their price objective on shares of AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Stock Up 0.5%

T stock opened at $24.55 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The company has a 50-day moving average of $27.32 and a two-hundred day moving average of $27.65. The stock has a market capitalization of $175.54 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s dividend payout ratio is 36.04%.

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.