Altshuler Shaham Ltd Invests $30,000 in AT&T Inc. (NYSE:T)

Altshuler Shaham Ltd purchased a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,591 shares of the technology company’s stock, valued at approximately $30,000.

A number of other large investors have also recently bought and sold shares of T. Frank Rimerman Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $25,000. Pineridge Advisors LLC bought a new stake in AT&T during the 4th quarter worth about $25,000. Strategic Financial Concepts LLC lifted its position in AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after purchasing an additional 91,578 shares during the period. Riggs Asset Managment Co. Inc. lifted its position in AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,116 shares during the period. Finally, American Capital Advisory LLC boosted its stake in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE T opened at $21.54 on Monday. The firm has a market capitalization of $154.45 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average price is $19.88 and its two-hundred day moving average price is $18.35. AT&T Inc. has a 1 year low of $14.12 and a 1 year high of $22.34.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Analysts Set New Price Targets

A number of research firms have commented on T. Scotiabank lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Oppenheimer lifted 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. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Citigroup boosted their target price on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Barclays raised their price target on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.