AT&T Inc. (NYSE:T) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its position in shares of AT&T Inc. (NYSE:T) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,754 shares of the technology company’s stock after purchasing an additional 3,759 shares during the period. Hexagon Capital Partners LLC’s holdings in AT&T were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Frank Rimerman Advisors LLC purchased a new position in AT&T during the fourth quarter worth about $25,000. Pineridge Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth about $25,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T in the third quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new stake in AT&T in the fourth quarter valued at approximately $39,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 0.7 %

Shares of NYSE T traded down $0.13 during trading on Monday, reaching $18.98. 33,256,028 shares of the stock were exchanged, compared to its average volume of 36,884,797. The company has a market capitalization of $136.09 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 4.34 and a beta of 0.58. The business’s 50-day moving average price is $17.57 and its 200 day moving average price is $17.18. 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 twelve month low of $13.43 and a twelve month high of $19.32.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Scotiabank lifted their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Finally, StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.73.

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.