Mosley Wealth Management Increases Stock Holdings in AT&T Inc. (NYSE:T)

Mosley Wealth Management increased its holdings in AT&T Inc. (NYSE:T) by 11.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,863 shares of the technology company’s stock after purchasing an additional 2,082 shares during the quarter. Mosley Wealth Management’s holdings in AT&T were worth $399,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC purchased a new position in AT&T during the fourth quarter worth $25,000. Pineridge Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter valued at $25,000. Riggs Asset Managment Co. Inc. increased its position in AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,116 shares in the last quarter. First Pacific Financial raised its stake in AT&T by 166.7% in the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Finally, American Capital Advisory LLC lifted its holdings in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on T. Evercore ISI lifted their price target on shares of AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, July 25th. Daiwa America raised shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Oppenheimer increased their price target on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.06.

AT&T Trading Up 1.5 %

Shares of T stock traded up $0.32 during mid-day trading on Friday, reaching $20.97. The company’s stock had a trading volume of 53,079,539 shares, compared to its average volume of 35,856,078. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $150.36 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 3.36 and a beta of 0.59. The company’s 50 day simple moving average is $19.31 and its 200-day simple moving average is $18.00. AT&T Inc. has a 12-month low of $14.12 and a 12-month high of $21.00.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio is presently 59.68%.

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