Hexagon Capital Partners LLC Has $1.05 Million Holdings in AT&T Inc. (NYSE:T)

Hexagon Capital Partners LLC lifted its stake in AT&T Inc. (NYSE:T) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,754 shares of the technology company’s stock after acquiring an additional 3,759 shares during the period. Hexagon Capital Partners LLC’s holdings in AT&T were worth $1,052,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of AT&T by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 622,406,459 shares of the technology company’s stock worth $10,443,980,000 after acquiring an additional 2,155,232 shares during the period. Norges Bank bought a new position in AT&T in the fourth quarter worth $1,118,288,000. Ameriprise Financial Inc. boosted its stake in AT&T by 185.6% during the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after buying an additional 34,189,954 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in AT&T by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock valued at $848,888,000 after buying an additional 798,024 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of AT&T by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 47,377,267 shares of the technology company’s stock valued at $794,978,000 after buying an additional 1,137,792 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Tuesday, March 5th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Scotiabank increased their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Oppenheimer restated an “outperform” rating and set a $21.00 target price on shares of AT&T in a research report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

AT&T Price Performance

Shares of NYSE:T traded down $0.13 during midday trading on Monday, reaching $18.98. The company’s stock had a trading volume of 33,256,028 shares, compared to its average volume of 36,884,797. The business’s fifty day simple moving average is $17.57 and its 200-day simple moving average is $17.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.32. The company has a market capitalization of $136.09 billion, a P/E ratio of 10.20, a P/E/G ratio of 4.34 and a beta of 0.58.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter last year, the company posted $0.60 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.85%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

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.