Aveo Capital Partners LLC Has $584,000 Stake in AT&T Inc. (NYSE:T)

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Aveo Capital Partners LLC boosted its stake in AT&T Inc. (NYSE:T) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,583 shares of the technology company’s stock after buying an additional 613 shares during the quarter. Aveo Capital Partners LLC’s holdings in AT&T were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in T. Grimes & Company Inc. raised its position in shares of AT&T by 0.9% during the second quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock worth $1,132,000 after acquiring an additional 294 shares during the last quarter. Interactive Financial Advisors raised its position in shares of AT&T by 16.7% during the second quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock worth $70,000 after acquiring an additional 300 shares during the last quarter. Berkshire Money Management Inc. raised its position in shares of AT&T by 3.2% during the second quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock worth $331,000 after acquiring an additional 305 shares during the last quarter. Lenox Wealth Management Inc. raised its position in shares of AT&T by 6.0% during the second quarter. Lenox Wealth Management Inc. now owns 5,409 shares of the technology company’s stock worth $181,000 after acquiring an additional 308 shares during the last quarter. Finally, Hamel Associates Inc. raised its position in shares of AT&T by 4.2% during the second quarter. Hamel Associates Inc. now owns 7,825 shares of the technology company’s stock worth $262,000 after acquiring an additional 315 shares during the last quarter. 52.63% of the stock is currently owned by institutional investors and hedge funds.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total value of $137,419.60. Following the completion of the transaction, the chief executive officer now directly owns 2,366 shares of the company’s stock, valued at $80,798.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

NYSE T opened at $34.82 on Monday. The stock has a 50-day simple moving average of $34.02 and a 200 day simple moving average of $32.03. The company has a market capitalization of $258.59 billion, a PE ratio of 9.89, a P/E/G ratio of 2.24 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $35.50.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. The business had revenue of $44.96 billion during the quarter, compared to the consensus estimate of $44.97 billion. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 3.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a $0.51 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.04 dividend on an annualized basis and a yield of 5.86%. AT&T’s dividend payout ratio is presently 57.95%.

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their target price on AT&T from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Cowen boosted their target price on AT&T from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Credit Suisse Group upgraded AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 target price for the company in a research report on Thursday, July 25th. ValuEngine downgraded AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Bank of America restated a “buy” rating and set a $37.00 target price on shares of AT&T in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. AT&T currently has a consensus rating of “Buy” and a consensus target price of $36.52.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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