Walkner Condon Financial Advisors LLC Invests $221,000 in AT&T Inc. (NYSE:T)

Walkner Condon Financial Advisors LLC acquired a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,572 shares of the technology company’s stock, valued at approximately $221,000.

Several other institutional investors have also recently added to or reduced their stakes in T. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of AT&T in the 4th quarter valued at about $258,000. Syon Capital LLC raised its holdings in AT&T by 46.3% during the fourth quarter. Syon Capital LLC now owns 16,652 shares of the technology company’s stock worth $279,000 after purchasing an additional 5,269 shares in the last quarter. Addison Advisors LLC lifted its position in shares of AT&T by 16.0% during the 4th quarter. Addison Advisors LLC now owns 7,195 shares of the technology company’s stock worth $121,000 after buying an additional 991 shares during the last quarter. Consolidated Planning Corp boosted its holdings in shares of AT&T by 33.8% in the 4th quarter. Consolidated Planning Corp now owns 14,504 shares of the technology company’s stock valued at $243,000 after buying an additional 3,663 shares in the last quarter. Finally, IVY Lane Capital Management LLC purchased a new position in shares of AT&T in the 4th quarter valued at $8,642,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.17 on Wednesday, hitting $19.82. The company had a trading volume of 20,427,565 shares, compared to its average volume of 35,614,238. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $19.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company has a market cap of $142.11 billion, a PE ratio of 10.66, a PEG ratio of 3.26 and a beta of 0.58. The business has a 50-day simple moving average of $19.04 and a 200-day simple moving average of $17.83.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $29.80 billion during 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 company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Research analysts expect that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group started coverage on AT&T in a research note on Monday, July 1st. They set a “buy” rating and a $22.00 price objective for the company. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price objective on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Oppenheimer raised their price target on shares of AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

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.