AT&T Inc. (NYSE:T) Shares Bought by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management lifted its position in shares of AT&T Inc. (NYSE:T) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,419 shares of the technology company’s stock after acquiring an additional 2,058 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in AT&T were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of AT&T in the fourth quarter worth $11,554,000. Clearbridge Investments LLC raised its position in shares of AT&T by 250.3% in the fourth quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock valued at $1,129,000 after buying an additional 48,091 shares during the last quarter. Skopos Labs Inc. purchased a new position in shares of AT&T during the fourth quarter valued at approximately $839,000. Wealth Enhancement Advisory Services LLC grew its stake in AT&T by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock worth $19,827,000 after acquiring an additional 43,062 shares during the period. Finally, M&G Plc acquired a new position in AT&T in the 1st quarter valued at $9,074,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.5 %

Shares of T traded up $0.32 during trading hours on Friday, reaching $20.97. 53,079,539 shares of the company traded hands, compared to its average volume of 25,035,312. AT&T Inc. has a 12 month low of $14.12 and a 12 month high of $21.00. The company has a market capitalization of $150.36 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59. The company’s fifty day moving average price is $19.31 and its two-hundred day moving average price is $18.01. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

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

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.29%. AT&T’s payout ratio is 59.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Scotiabank lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays upped their price objective on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Finally, Evercore ISI lifted their price target on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, AT&T 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.