MPS Loria Financial Planners LLC Purchases New Position in AT&T Inc. (T)

MPS Loria Financial Planners LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 38,279 shares of the technology company’s stock, valued at approximately $1,461,000. AT&T comprises approximately 1.0% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 14th largest holding.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares in the last quarter. Janus Henderson Group PLC raised its position in AT&T by 6,188.8% during the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after purchasing an additional 6,790,430 shares in the last quarter. Ameriprise Financial Inc. raised its position in AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after purchasing an additional 5,619,434 shares in the last quarter. BlackRock Inc. raised its position in AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after purchasing an additional 4,104,136 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in AT&T by 31.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock valued at $599,193,000 after purchasing an additional 3,798,090 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on T. Macquarie reissued a “buy” rating and issued a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price target for the company in a research report on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Robert W. Baird reduced their price target on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Finally, Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and a consensus target price of $42.82.

In related news, Director Matthew K. Rose bought 29,600 shares of the stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Shares of AT&T Inc. (T) opened at $38.24 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $234,755.38, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. AT&T Inc. has a one year low of $32.55 and a one year high of $43.03.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities research analysts forecast that AT&T Inc. will post 2.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.50 dividend. This is an increase from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.23%. AT&T’s dividend payout ratio is presently 94.69%.

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AT&T Company Profile

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.

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

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