Camarda Financial Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,940 shares of the technology company’s stock after buying an additional 317 shares during the period. Camarda Financial Advisors LLC’s holdings in AT&T were worth $450,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of T. Ullmann Financial Group Inc. purchased a new stake in AT&T during the first quarter worth about $101,000. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter worth about $104,000. Taylor Wealth Management Partners increased its stake in AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after purchasing an additional 11 shares during the period. Almanack Investment Partners LLC. purchased a new stake in AT&T during the first quarter worth about $109,000. Finally, Sterling Investment Advisors Ltd. increased its stake in AT&T by 289.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares during the period. Hedge funds and other institutional investors own 54.98% of the company’s stock.
AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.47%. AT&T’s payout ratio is 92.45%.
A number of analysts have issued reports on T shares. KeyCorp reiterated a “hold” rating on shares of AT&T in a research note on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research note on Monday, July 10th. Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus price target of $43.53.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.