Wiley BROS. Aintree Capital LLC Grows Position in AT&T Inc. (NYSE:T)

Wiley BROS. Aintree Capital LLC grew its stake in AT&T Inc. (NYSE:T) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,736 shares of the technology company’s stock after buying an additional 7,736 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in AT&T were worth $554,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC raised its position in shares of AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after purchasing an additional 76,746,649 shares during the period. Norges Bank bought a new stake in AT&T during the fourth quarter valued at about $1,229,499,000. Morgan Stanley boosted its stake in shares of AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after acquiring an additional 29,769,976 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of AT&T by 328.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,569,212 shares of the technology company’s stock worth $299,707,000 after purchasing an additional 11,932,735 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in AT&T by 45.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,198,859 shares of the technology company’s stock valued at $619,829,000 after purchasing an additional 10,117,746 shares during the period. Institutional investors own 53.65% of the company’s stock.

AT&T Trading Up 3.3 %

Shares of NYSE:T traded up $0.48 during trading on Thursday, reaching $15.10. 18,488,843 shares of the company were exchanged, compared to its average volume of 38,618,578. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $20.50. The firm has a market capitalization of $107.95 billion, a PE ratio of -11.98, a P/E/G ratio of 1.79 and a beta of 0.64. The business’s fifty day simple moving average is $14.52 and its 200-day simple moving average is $16.42. 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 (NYSE:T) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. AT&T had a negative net margin of 7.22% and a positive return on equity of 15.91%. The firm had revenue of $29.92 billion for the quarter, compared to the consensus estimate of $30.07 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 2.43 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend was Friday, July 7th. AT&T’s dividend payout ratio (DPR) is presently -90.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Moffett Nathanson upgraded shares of AT&T from an “underperform” rating to a “market perform” rating and set a $17.00 price target on the stock in a report on Tuesday, June 6th. Citigroup upgraded AT&T from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, August 29th. Barclays cut their price target on AT&T from $18.00 to $17.00 in a report on Thursday, July 6th. Royal Bank of Canada decreased their price objective on AT&T from $19.00 to $14.00 and set a “sector perform” rating on the stock in a report on Thursday, August 10th. Finally, JPMorgan Chase & Co. lowered shares of AT&T from an “overweight” rating to a “neutral” rating and cut their target price for the company from $22.00 to $17.00 in a report on Friday, July 14th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AT&T currently has a consensus 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.