AT&T Inc. (NYSE:T) Stock Holdings Increased by Romano Brothers AND Company

Romano Brothers AND Company grew its holdings in shares of AT&T Inc. (NYSE:T) by 12.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 169,539 shares of the technology company’s stock after acquiring an additional 19,015 shares during the quarter. Romano Brothers AND Company’s holdings in AT&T were worth $2,984,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Natixis Advisors L.P. lifted its holdings in shares of AT&T by 1.6% in the third quarter. Natixis Advisors L.P. now owns 740,864 shares of the technology company’s stock valued at $11,128,000 after buying an additional 11,844 shares during the period. Private Advisory Group LLC lifted its holdings in AT&T by 3.8% in the 3rd quarter. Private Advisory Group LLC now owns 58,448 shares of the technology company’s stock valued at $878,000 after acquiring an additional 2,157 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of AT&T by 3.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 386,396 shares of the technology company’s stock valued at $5,804,000 after purchasing an additional 13,523 shares in the last quarter. Morningstar Investment Services LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $241,000. Finally, Cape Cod Five Cents Savings Bank raised its holdings in shares of AT&T by 57.0% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 71,548 shares of the technology company’s stock worth $1,075,000 after purchasing an additional 25,963 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock traded up $0.36 during trading hours on Friday, reaching $19.11. 52,825,162 shares of the company’s stock were exchanged, compared to its average volume of 33,874,564. The business has a fifty day moving average price of $17.57 and a 200-day moving average price of $17.18. The stock has a market capitalization of $137.02 billion, a P/E ratio of 10.27, a P/E/G ratio of 4.26 and a beta of 0.60. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.13.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.81%. AT&T’s payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on T. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Oppenheimer reiterated an “outperform” rating and issued a $21.00 target price on shares of AT&T in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Finally, UBS Group reissued a “buy” rating and set a $24.00 target price on shares of AT&T in a research note on Tuesday, June 18th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.71.

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.