AT&T Inc. Shares (NYSE:T) bought by Cowa LLC

Cowa LLC increased its holdings in AT&T Inc. (NYSE:T – Free Report) by 70.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,760 shares of the technology company’s stock after acquiring an additional 18,977 shares during the period. Cowa LLC’s holdings in AT&T were worth $874,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisors LP purchased a new position in shares of AT&T in the 4th quarter worth $11,554,000. Clearbridge Investments LLC grew its position in AT&T by 250.3% in the fourth quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock worth $1,129,000 after buying an additional 48,091 shares in the last quarter. Skopos Labs Inc. purchased a new position in AT&T in the fourth quarter valued at approximately $839,000. Wealth Enhancement Advisory Services LLC boosted its holdings in AT&T by 4.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock valued at $19,827,000 after buying an additional 43,062 shares during the last quarter. Finally, M&G Plc purchased a new stake in shares of AT&T in the first quarter valued at approximately $9,074,000. 57.10% of the shares are owned by hedge funds and other institutional investors.

AT&T stock performance

Shares of T opened at $21.35 on Friday. AT&T Inc. has a 1 year low of $14.12 and a 1 year high of $22.34. The stock has a market cap of $153.08 billion, a PE ratio of 11.48, a PEG ratio of 3.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66, and a current ratio of 0.70. The stock has a 50-day simple moving average of $19.82 and a 200-day simple moving average of $18.30.

AT&T (NYSE:T – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. In the same quarter last year, the company earned $0.63 per share. The company’s quarterly revenue was down 0.3% year-over-year. On average, analysts predict that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a $0.2775 dividend. This represents an annualized dividend of $1.11 and a yield of 5.20%. The ex-dividend date of this dividend was Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Changes in Analyst Ratings

T has been the subject of a number of recent analyst reports. Barclays boosted their price objective on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Goldman Sachs Group initiated coverage on AT&T in a report on Monday, July 1st. They set a “buy” rating and a $22.00 price target for the company. Oppenheimer boosted their price objective 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. 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. Finally, BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average price target of $22.31, according to MarketBeat.

Check out our latest research report on T

AT&T profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment provides wireless voice and data communications services; and sells mobile phones, 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.

Featured stories

Get news and reviews for AT&T Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AT&T and related companies with MarketBeat.com’s FREE daily email newsletter.