AT&T Inc. (NYSE:T) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its position in AT&T Inc. (NYSE:T) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 909,595 shares of the technology company’s stock after acquiring an additional 52,081 shares during the quarter. Blair William & Co. IL’s holdings in AT&T were worth $17,510,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Steward Financial Group LLC boosted its stake in shares of AT&T by 159.7% during the 1st quarter. Steward Financial Group LLC now owns 1,561 shares of the technology company’s stock valued at $30,000 after buying an additional 960 shares during the last quarter. Carmel Capital Partners LLC purchased a new position in shares of AT&T during the 1st quarter valued at approximately $31,000. FWL Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter valued at approximately $31,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of AT&T during the 4th quarter valued at approximately $32,000. Finally, Lakewood Asset Management LLC purchased a new position in shares of AT&T during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 53.65% of the company’s stock.

AT&T Stock Performance

Shares of T traded up $0.05 during trading hours on Friday, reaching $14.84. 1,679,426 shares of the company’s stock traded hands, compared to its average volume of 38,955,730. The firm has a market capitalization of $106.09 billion, a price-to-earnings ratio of -12.12, a P/E/G ratio of 1.74 and a beta of 0.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $20.50. The business’s fifty day simple moving average is $14.73 and its two-hundred day simple moving average is $16.72.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $29.92 billion for the quarter, compared to analyst estimates of $30.07 billion. AT&T had a positive return on equity of 15.91% and a negative net margin of 7.22%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. Analysts predict that AT&T Inc. will post 2.43 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date was Friday, July 7th. AT&T’s payout ratio is currently -90.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada reduced their price objective on AT&T from $19.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 10th. Moffett Nathanson upgraded AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 price objective on the stock in a research note on Tuesday, June 6th. Morgan Stanley restated an “equal weight” rating and set a $20.00 price objective on shares of AT&T in a research note on Thursday, August 3rd. Citigroup upgraded AT&T from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday. Finally, HSBC reduced their price objective on AT&T from $21.00 to $19.00 in a research note on Monday, June 5th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.00.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.