Buckley Wealth Management LLC Grows Holdings in AT&T Inc. (T)

Buckley Wealth Management LLC raised its stake in AT&T Inc. (NYSE:T) by 48.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,349 shares of the technology company’s stock after purchasing an additional 52,632 shares during the period. AT&T accounts for approximately 2.4% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Buckley Wealth Management LLC’s holdings in AT&T were worth $5,149,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in T. BlackRock Inc. increased its holdings in shares of AT&T by 2.8% in the first quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock valued at $13,809,130,000 after purchasing an additional 10,535,763 shares during the last quarter. Boston Partners acquired a new position in shares of AT&T in the first quarter valued at $162,658,000. Prudential Financial Inc. increased its holdings in shares of AT&T by 37.6% in the first quarter. Prudential Financial Inc. now owns 15,978,233 shares of the technology company’s stock valued at $569,624,000 after purchasing an additional 4,366,723 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of AT&T by 87.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 8,819,000 shares of the technology company’s stock valued at $283,178,000 after purchasing an additional 4,118,500 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in shares of AT&T in the first quarter valued at $121,674,000. Hedge funds and other institutional investors own 64.63% of the company’s stock.

Several research firms have commented on T. Barclays set a $33.00 price objective on shares of AT&T and gave the company a “hold” rating in a report on Wednesday. Raymond James downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price target on the stock. in a research note on Friday, July 13th. Zacks Investment Research downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. JPMorgan Chase & Co. initiated coverage on shares of AT&T in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.82.

Shares of AT&T stock opened at $32.25 on Friday. The stock has a market cap of $206.15 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 2.67 and a beta of 0.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a 12-month low of $30.13 and a 12-month high of $39.33.

AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $38.45 billion. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. On average, analysts predict that AT&T Inc. will post 3.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 6.20%. AT&T’s payout ratio is 65.57%.

In other news, Director Matthew K. Rose acquired 65,500 shares of AT&T stock in a transaction on Thursday, July 26th. The shares were purchased at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the purchase, the director now directly owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of AT&T stock in a transaction on Wednesday, August 8th. The shares were purchased at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the purchase, the director now directly owns 31,405 shares of the company’s stock, valued at $1,020,034.40. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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