AT&T Inc. (NYSE:T) Shares Acquired by Stolper Co

Stolper Co raised its stake in shares of AT&T Inc. (NYSE:T) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,845 shares of the technology company’s stock after purchasing an additional 22,694 shares during the quarter. Stolper Co’s holdings in AT&T were worth $2,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of T. Frank Rimerman Advisors LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $25,000. Pineridge Advisors LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $25,000. Ramirez Asset Management Inc. purchased a new stake in shares of AT&T in the 3rd quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of AT&T in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

AT&T stock traded up $0.08 during midday trading on Thursday, hitting $18.13. 14,214,685 shares of the stock were exchanged, compared to its average volume of 36,403,340. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.45. The stock has a market capitalization of $130.00 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 3.55 and a beta of 0.60. The stock’s 50-day simple moving average is $17.24 and its 200 day simple moving average is $17.09. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. On average, equities analysts anticipate that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.12%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analyst Weigh In

Several analysts have recently commented on T shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. UBS Group reissued a “buy” rating and set a $24.00 price target on shares of AT&T in a report on Tuesday. Finally, Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.54.

About AT&T

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, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.