AT&T Inc. (NYSE:T) Shares Bought by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management raised its holdings in shares of AT&T Inc. (NYSE:T) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,419 shares of the technology company’s stock after acquiring an additional 2,058 shares during the period. Werba Rubin Papier Wealth Management’s holdings in AT&T were worth $409,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Ballentine Partners LLC lifted its holdings in AT&T by 4.2% in the second quarter. Ballentine Partners LLC now owns 78,970 shares of the technology company’s stock valued at $1,509,000 after acquiring an additional 3,168 shares during the period. Ellis Investment Partners LLC purchased a new stake in AT&T during the second quarter worth $193,000. tru Independence LLC grew its position in AT&T by 0.7% during the second quarter. tru Independence LLC now owns 271,571 shares of the technology company’s stock valued at $5,190,000 after buying an additional 1,775 shares during the period. Koss Olinger Consulting LLC purchased a new position in AT&T in the second quarter valued at $272,000. Finally, Caprock Group LLC raised its position in shares of AT&T by 44.2% in the second quarter. Caprock Group LLC now owns 165,710 shares of the technology company’s stock worth $3,167,000 after acquiring an additional 50,760 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on T shares. Moffett Nathanson increased their price target on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Oppenheimer lifted their price target on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Evercore ISI upped their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Scotiabank cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.06.

AT&T Stock Up 1.5 %

AT&T stock traded up $0.32 during midday trading on Friday, reaching $20.97. The company’s stock had a trading volume of 53,079,539 shares, compared to its average volume of 25,035,312. The company has a market cap of $150.36 billion, a P/E ratio of 11.27, a P/E/G ratio of 3.47 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. The business has a 50-day simple moving average of $19.31 and a 200-day simple moving average of $18.01. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $21.00.

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, hitting analysts’ consensus estimates of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. On average, research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.29%. AT&T’s dividend payout ratio (DPR) is 59.68%.

AT&T Company 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.