Cohen Investment Advisors LLC Raises Stock Position in AT&T Inc. (NYSE:T)

Cohen Investment Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,023 shares of the technology company’s stock after purchasing an additional 1,229 shares during the quarter. Cohen Investment Advisors LLC’s holdings in AT&T were worth $306,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in T. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of AT&T in the 4th quarter worth about $258,000. Duality Advisers LP purchased a new stake in AT&T during the 4th quarter valued at $616,000. Harvest Fund Management Co. Ltd bought a new stake in AT&T in the fourth quarter worth $120,000. Syon Capital LLC boosted its stake in AT&T by 46.3% during the fourth quarter. Syon Capital LLC now owns 16,652 shares of the technology company’s stock worth $279,000 after buying an additional 5,269 shares during the period. Finally, Semanteon Capital Management LP bought a new position in AT&T during the fourth quarter valued at $181,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.2 %

Shares of T stock traded up $0.03 during mid-day trading on Monday, hitting $19.76. 22,597,620 shares of the stock traded hands, compared to its average volume of 35,800,078. AT&T Inc. has a 52-week low of $14.11 and a 52-week high of $19.99. The stock has a market cap of $141.68 billion, a P/E ratio of 10.62, a P/E/G ratio of 3.26 and a beta of 0.58. 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 stock’s fifty day moving average is $19.01 and its two-hundred day moving average is $17.81.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. AT&T’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. Equities analysts predict that AT&T Inc. will post 2.22 EPS 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 paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.62%. AT&T’s payout ratio is 59.68%.

Analysts Set New Price Targets

A number of research firms recently commented on T. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Daiwa America upgraded AT&T to a “hold” rating in a research report on Friday, July 26th. Barclays increased their price target on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. TD Cowen raised their price target on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Oppenheimer upped their price objective on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T 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.