Quent Capital LLC boosted its holdings in AT&T Inc. (NYSE:T – Free Report) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,555 shares of the technology company’s stock after purchasing an additional 3,523 shares during the quarter. Quent Capital LLC’s holdings in AT&T were worth $316,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in AT&T during the 4th quarter worth $11,554,000. Provence Wealth Management Group boosted its holdings in AT&T by 55.8% during the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock worth $272,000 after acquiring an additional 5,807 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in AT&T by 250.3% during the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock worth $1,129,000 after acquiring an additional 48,091 shares during the last quarter. Retireful LLC purchased a new position in AT&T during the 4th quarter worth $1,163,000. Finally, Brighton Jones LLC boosted its holdings in AT&T by 12.6% during the 4th quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock worth $776,000 after acquiring an additional 5,161 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Price Performance
T stock traded up $0.27 during mid-day trading on Tuesday, reaching $19.18. 33,770,712 shares of the company traded hands, compared to its average volume of 36,924,227. 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 capitalization of $137.53 billion, a P/E ratio of 10.35, a P/E/G ratio of 3.26 and a beta of 0.58. AT&T Inc. has a 52-week low of $13.89 and a 52-week high of $19.99. The company has a fifty day moving average price of $18.52 and a 200-day moving average price of $17.59.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Wednesday, July 10th. AT&T’s payout ratio is presently 59.68%.
Analysts Set New Price Targets
A number of research firms have recently commented on T. TD Cowen lifted their target price on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price on AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Daiwa America upgraded AT&T to a “hold” rating in a research note on Friday, July 26th. Finally, Barclays lifted their target price on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.
Get Our Latest Stock Analysis on AT&T
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.
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