EverSource Wealth Advisors LLC Has $508,000 Stock Holdings in AT&T Inc. (NYSE:T)

EverSource Wealth Advisors LLC boosted its holdings in AT&T Inc. (NYSE:T) by 55.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,376 shares of the technology company’s stock after acquiring an additional 9,446 shares during the period. EverSource Wealth Advisors LLC’s holdings in AT&T were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of T. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T during the 4th quarter valued at approximately $25,000. Pineridge Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $25,000. Strategic Financial Concepts LLC boosted its stake in AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after acquiring an additional 91,578 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in AT&T by 356.5% in the second 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 last quarter. Finally, American Capital Advisory LLC grew its stake in shares of AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Daiwa America upgraded AT&T to a “hold” rating in a research report on Friday, July 26th. The Goldman Sachs Group began coverage on shares of AT&T in a research note on Monday, July 1st. They set a “buy” rating and a $22.00 price target on the stock. Redburn Atlantic raised AT&T to a “strong sell” rating in a research note on Monday, September 16th. Royal Bank of Canada increased their price target on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Finally, TD Cowen increased their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.31.

AT&T Trading Down 0.3 %

Shares of NYSE:T opened at $21.48 on Tuesday. AT&T Inc. has a 1 year low of $14.12 and a 1 year high of $22.34. The stock’s fifty day moving average price is $19.94 and its 200-day moving average price is $18.38. The company has a market cap of $154.02 billion, a P/E ratio of 11.55, a PEG ratio of 3.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts expect that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a $0.2775 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.17%. AT&T’s payout ratio is 59.68%.

About AT&T

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.