Jaffetilchin Investment Partners LLC Has $1.54 Million Stock Holdings in AT&T Inc. (NYSE:T)

Jaffetilchin Investment Partners LLC raised its stake in AT&T Inc. (NYSE:T) by 15.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,767 shares of the technology company’s stock after purchasing an additional 10,580 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in AT&T were worth $1,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co boosted its stake in AT&T by 3.7% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 122,080 shares of the technology company’s stock valued at $2,333,000 after purchasing an additional 4,362 shares during the period. Foster Group Inc. raised its holdings in AT&T by 5.2% in the 2nd quarter. Foster Group Inc. now owns 21,999 shares of the technology company’s stock valued at $420,000 after acquiring an additional 1,087 shares in the last quarter. Sage Rhino Capital LLC raised its holdings in AT&T by 9.7% in the 2nd quarter. Sage Rhino Capital LLC now owns 13,475 shares of the technology company’s stock valued at $258,000 after acquiring an additional 1,190 shares in the last quarter. Bryn Mawr Capital Management LLC raised its holdings in AT&T by 15.0% in the 2nd quarter. Bryn Mawr Capital Management LLC now owns 288,847 shares of the technology company’s stock valued at $5,509,000 after acquiring an additional 37,724 shares in the last quarter. Finally, Searle & CO. raised its holdings in AT&T by 24.6% in the 2nd quarter. Searle & CO. now owns 52,500 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 10,381 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T traded up $0.14 on Friday, reaching $19.90. 29,362,657 shares of the company’s stock traded hands, compared to its average volume of 35,488,664. The stock’s 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $17.88. AT&T Inc. has a 52-week low of $14.12 and a 52-week high of $19.99. The stock has a market cap of $142.69 billion, a PE ratio of 10.70, a PEG ratio of 3.26 and a beta of 0.58. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. During the same period last year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.58%. The ex-dividend date was Wednesday, July 10th. AT&T’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. Moffett Nathanson boosted their price target on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Royal Bank of Canada boosted their price target on AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Evercore ISI upped their target price on AT&T from $18.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $22.06.

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.