PDS Planning Inc Has $1.14 Million Holdings in AT&T Inc. $T

PDS Planning Inc raised its holdings in AT&T Inc. (NYSE:T) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,309 shares of the technology company’s stock after buying an additional 2,627 shares during the quarter. PDS Planning Inc’s holdings in AT&T were worth $1,138,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of T. Vanguard Group Inc. grew its holdings in AT&T by 1.3% in the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock worth $18,411,543,000 after purchasing an additional 8,185,006 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in AT&T during the 2nd quarter worth approximately $5,266,758,000. GQG Partners LLC raised its stake in AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after buying an additional 17,177,874 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of AT&T by 3.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company’s stock valued at $1,561,514,000 after acquiring an additional 1,783,363 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of AT&T by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company’s stock valued at $1,508,411,000 after acquiring an additional 1,307,009 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.85 on Friday. AT&T Inc. has a twelve month low of $21.05 and a twelve month high of $29.79. The stock’s 50 day moving average price is $28.45 and its 200-day moving average price is $27.88. The company has a market capitalization of $184.82 billion, a PE ratio of 14.69, a PEG ratio of 2.12 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio is presently 63.07%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on T shares. Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. UBS Group set a $33.00 target price on shares of AT&T in a report on Thursday, September 18th. Wells Fargo & Company upped their target price on shares of AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Scotiabank set a $30.25 price objective on AT&T and gave the stock a “sector perform” rating in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.