Y.D. More Investments Ltd Buys Shares of 8,891 AT&T Inc. (NYSE:T)

Y.D. More Investments Ltd bought a new stake in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,891 shares of the technology company’s stock, valued at approximately $170,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in T. Frank Rimerman Advisors LLC bought a new stake in AT&T during the fourth quarter valued at about $25,000. Pineridge Advisors LLC purchased a new position in AT&T in the 4th quarter worth approximately $25,000. Strategic Financial Concepts LLC grew its holdings in AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after buying an additional 91,578 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings 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 valued at $27,000 after buying an additional 1,116 shares in the last quarter. Finally, American Capital Advisory LLC increased 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 acquiring an additional 807 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.7 %

Shares of NYSE T opened at $21.59 on Friday. The stock has a 50 day moving average price of $19.53 and a 200 day moving average price of $18.13. The firm has a market capitalization of $154.81 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.65 and a beta of 0.59. AT&T Inc. has a 52-week low of $14.12 and a 52-week high of $21.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) 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. The business had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 EPS. Sell-side analysts expect that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.14%. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of research analysts have recently commented on T shares. Oppenheimer increased their target price on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. 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 note on Friday, June 28th. Moffett Nathanson boosted their target price on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Evercore ISI raised their price target on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, July 25th. Finally, BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

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.