Jacobs & Co. CA Grows Holdings in AT&T Inc. (T)

Jacobs & Co. CA raised its position in AT&T Inc. (NYSE:T) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 213,618 shares of the technology company’s stock after acquiring an additional 5,000 shares during the period. AT&T comprises 1.6% of Jacobs & Co. CA’s portfolio, making the stock its 19th biggest position. Jacobs & Co. CA’s holdings in AT&T were worth $8,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Ullmann Financial Group Inc. acquired a new position in shares of AT&T during the 1st quarter worth approximately $101,000. Feltz Wealth PLAN Inc. acquired a new position in shares of AT&T during the 1st quarter worth approximately $104,000. Taylor Wealth Management Partners increased its position in shares of AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after purchasing an additional 11 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of AT&T during the 1st quarter worth approximately $109,000. Finally, Sterling Investment Advisors Ltd. increased its position in shares of AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares during the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.

Several research analysts have weighed in on the company. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a research report on Wednesday, August 16th. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price target (down previously from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of AT&T in a report on Thursday, August 24th. Robert W. Baird reissued an “outperform” rating and set a $43.00 target price on shares of AT&T in a report on Thursday, September 21st. Finally, BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.87.

Shares of AT&T Inc. (NYSE:T) traded up 0.52% during midday trading on Tuesday, hitting $38.50. The stock had a trading volume of 7,785,498 shares. The firm’s 50-day moving average price is $37.84 and its 200-day moving average price is $38.48. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03. The stock has a market cap of $236.39 billion, a price-to-earnings ratio of 18.09 and a beta of 0.49.

AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. Analysts forecast that AT&T Inc. will post $2.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.

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About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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