Daymark Wealth Partners LLC Boosts Stock Holdings in AT&T Inc. $T

Daymark Wealth Partners LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 77.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,290 shares of the technology company’s stock after buying an additional 16,710 shares during the period. Daymark Wealth Partners LLC’s holdings in AT&T were worth $1,108,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of T. Stone House Investment Management LLC purchased a new stake in shares of AT&T in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in AT&T in the 2nd quarter valued at $26,000. Hager Investment Management Services LLC grew its holdings in AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock valued at $28,000 after buying an additional 641 shares in the last quarter. Kennebec Savings Bank grew its holdings in AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares in the last quarter. Finally, Solstein Capital LLC grew its holdings in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

T stock opened at $24.66 on Friday. The business has a fifty day moving average of $27.65 and a two-hundred day moving average of $27.72. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The stock has a market cap of $176.35 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same period last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 10th. AT&T’s payout ratio is currently 36.04%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on T. Sanford C. Bernstein upped their target price on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a report on Thursday, July 24th. Morgan Stanley upped their target price on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. UBS Group reissued a “buy” rating on shares of AT&T in a research note on Thursday, October 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $33.00 target price (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

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.