CW Advisors LLC Boosts Stock Position in AT&T Inc. $T

CW Advisors LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 28.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 446,629 shares of the technology company’s stock after acquiring an additional 98,684 shares during the quarter. CW Advisors LLC’s holdings in AT&T were worth $12,772,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stone House Investment Management LLC purchased a new stake in shares of AT&T during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T in the 2nd quarter valued at $26,000. Solstein Capital LLC raised its stake in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares in the last quarter. Kennebec Savings Bank lifted its position 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 acquiring an additional 783 shares during the last quarter. Finally, Curio Wealth LLC lifted its position in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.8%

AT&T stock opened at $25.33 on Thursday. The stock has a 50 day moving average of $25.83 and a two-hundred day moving average of $27.39. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The stock has a market capitalization of $179.56 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.51 and a beta of 0.38. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, 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 was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 36.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on T. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Barclays dropped their price target on AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. The Goldman Sachs Group started coverage on AT&T in a report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.64.

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.