Affiance Financial LLC Has $397,000 Stake in AT&T Inc. (NYSE:T)

Affiance Financial LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 40.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,861 shares of the technology company’s stock after purchasing an additional 3,421 shares during the period. Affiance Financial LLC’s holdings in AT&T were worth $397,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter valued at $40,000. Contravisory Investment Management Inc. boosted its stake in shares of AT&T by 36.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after buying an additional 338 shares during the period. Smart Portfolios LLC boosted its stake in shares of AT&T by 44.8% during the 4th quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock valued at $46,000 after buying an additional 500 shares during the period. Centaurus Financial Inc. boosted its stake in shares of AT&T by 24.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,700 shares of the technology company’s stock valued at $54,000 after buying an additional 333 shares during the period. Finally, Interactive Financial Advisors acquired a new stake in shares of AT&T during the 1st quarter valued at $56,000. 52.90% of the stock is owned by institutional investors.

T has been the topic of a number of recent research reports. Desjardins restated an “average” rating and set a $90.00 price target on shares of MFS California Municipal Fund in a report on Friday, April 5th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Monday. Finally, Bank of America raised their price target on shares of CarMax from $95.00 to $112.00 in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.77.

Shares of AT&T stock traded down $0.04 during midday trading on Tuesday, reaching $32.09. 40,498,724 shares of the company’s stock traded hands, compared to its average volume of 29,893,129. The stock has a market capitalization of $239.31 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. The firm has a 50 day moving average of $32.91. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.72. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $34.37.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $44.83 billion for the quarter, compared to the consensus estimate of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. AT&T’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, research analysts expect that AT&T Inc. will post 3.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.04 annualized dividend and a yield of 6.36%. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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