Rothschild Investment LLC Buys Shares of 101,236 AT&T Inc. (NYSE:T)

Rothschild Investment LLC 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 101,236 shares of the technology company’s stock, valued at approximately $1,935,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of AT&T in the fourth quarter worth $258,000. Vantage Financial Partners LLC increased its stake in shares of AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock worth $641,000 after purchasing an additional 7,762 shares in the last quarter. Gilbert & Cook Inc. increased its stake in shares of AT&T by 4.1% in the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after purchasing an additional 1,212 shares in the last quarter. Van ECK Associates Corp grew its stake in AT&T by 6.2% during the fourth quarter. Van ECK Associates Corp now owns 317,763 shares of the technology company’s stock valued at $5,332,000 after acquiring an additional 18,684 shares in the last quarter. Finally, LGT Group Foundation grew its stake in AT&T by 4.6% during the fourth quarter. LGT Group Foundation now owns 657,653 shares of the technology company’s stock valued at $11,009,000 after acquiring an additional 28,835 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. UBS Group reaffirmed a “buy” rating and set a $24.00 target price on shares of AT&T in a research note on Tuesday, June 18th. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Evercore ISI raised their target price on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Nine equities 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.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T Trading Up 0.7 %

Shares of AT&T stock traded up $0.14 during trading on Friday, hitting $19.90. The stock had a trading volume of 29,362,657 shares, compared to its average volume of 35,488,664. The firm’s fifty day simple moving average is $19.14 and its 200-day simple moving average is $17.88. 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 debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. AT&T Inc. has a 12 month low of $14.12 and a 12 month high of $19.99.

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

AT&T Announces Dividend

The company also recently announced 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 5.58%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

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.