HHM Wealth Advisors LLC Grows Stake in AT&T Inc. (NYSE:T)

HHM Wealth Advisors LLC increased its position in AT&T Inc. (NYSE:T) by 39.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,633 shares of the technology company’s stock after acquiring an additional 3,835 shares during the quarter. HHM Wealth Advisors LLC’s holdings in AT&T were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of T. Vaughan David Investments LLC IL boosted its position in AT&T by 1.7% during the second quarter. Vaughan David Investments LLC IL now owns 1,981,825 shares of the technology company’s stock valued at $37,873,000 after buying an additional 33,870 shares during the period. MGO One Seven LLC lifted its holdings in AT&T by 1.6% in the second quarter. MGO One Seven LLC now owns 122,826 shares of the technology company’s stock worth $2,347,000 after buying an additional 1,936 shares during the period. Headlands Technologies LLC boosted its position in AT&T by 30.1% during the 2nd quarter. Headlands Technologies LLC now owns 315,146 shares of the technology company’s stock valued at $6,022,000 after acquiring an additional 73,000 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of AT&T by 0.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 370,514 shares of the technology company’s stock worth $7,081,000 after acquiring an additional 2,501 shares during the period. Finally, Van Hulzen Asset Management LLC bought a new position in shares of AT&T in the 2nd quarter worth approximately $273,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $21.71 on Wednesday. The company has a 50-day moving average price of $19.42 and a 200-day moving average price of $18.09. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $21.86. 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 $155.66 billion, a P/E ratio of 11.67, a PEG ratio of 3.57 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Analysts Set New Price Targets

Several equities analysts have commented on T shares. Deutsche Bank Aktiengesellschaft raised their price objective on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Barclays boosted their price objective on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. UBS Group reaffirmed a “buy” rating and set a $24.00 target price on shares of AT&T in a research note on Tuesday, June 18th. JPMorgan Chase & Co. boosted their price target on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, TD Cowen boosted their target price on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.06.

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.