Curio Wealth LLC Boosts Holdings in AT&T Inc. $T

Curio Wealth LLC boosted its holdings in AT&T Inc. (NYSE:T) by 26,100.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,048 shares of the technology company’s stock after purchasing an additional 1,044 shares during the quarter. Curio Wealth LLC’s holdings in AT&T were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Stone House Investment Management LLC purchased a new position in AT&T during the first quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of AT&T during the 2nd quarter valued at about $26,000. Kennebec Savings Bank grew its position in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares in the last quarter. Hager Investment Management Services LLC grew its position in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. Finally, IMA Advisory Services Inc. purchased a new stake in shares of AT&T in the first quarter worth about $29,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Thursday, July 24th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Hsbc Global Res downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Finally, Barclays decreased their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Trading Up 2.2%

Shares of T opened at $25.17 on Friday. The company’s fifty day simple moving average is $27.97 and its 200-day simple moving average is $27.76. The company has a market cap of $179.95 billion, a P/E ratio of 8.17, a P/E/G ratio of 2.04 and a beta of 0.42. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio is 36.04%.

About AT&T

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.