Waterloo Capital L.P. Makes New Investment in AT&T Inc. (NYSE:T)

Waterloo Capital L.P. acquired a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,060 shares of the technology company’s stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vantage Financial Partners LLC grew its holdings in shares of AT&T by 25.5% during the 4th quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock worth $641,000 after purchasing an additional 7,762 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in AT&T by 4.1% during the fourth quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after buying an additional 1,212 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in AT&T by 4.5% in the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after buying an additional 1,194 shares during the period. Gryphon Financial Partners LLC lifted its holdings in shares of AT&T by 21.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 27,253 shares of the technology company’s stock worth $477,000 after acquiring an additional 4,870 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of AT&T by 7.8% in the 4th quarter. Brown Advisory Inc. now owns 242,324 shares of the technology company’s stock valued at $4,066,000 after purchasing an additional 17,601 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE:T opened at $21.35 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1-year low of $14.12 and a 1-year high of $22.34. The stock has a market capitalization of $153.08 billion, a P/E ratio of 11.48, a P/E/G ratio of 3.79 and a beta of 0.59. The business has a 50-day moving average price of $19.82 and a two-hundred day moving average price of $18.30.

AT&T (NYSE:T) last released its quarterly earnings data 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 return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Equities analysts predict that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.20%. The ex-dividend date was Wednesday, July 10th. AT&T’s payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on T shares. Barclays upped their price target on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Oppenheimer upped their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Hold” and an average target price of $22.31.

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.