Tema Etfs LLC Buys Shares of 136,869 AT&T Inc. $T

by · The Markets Daily

Tema Etfs LLC purchased a new stake in AT&T Inc. (NYSE:T – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 136,869 shares of the technology company’s stock, valued at approximately $3,865,000.

Several other large investors have also modified their holdings of the business. Front Row Advisors LLC acquired a new stake in AT&T during the 2nd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T in the second quarter valued at $26,000. Solstein Capital LLC boosted its stake in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after acquiring an additional 652 shares during the last quarter. Kennebec Savings Bank increased its position in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares in the last quarter. Finally, Curio Wealth LLC increased its position in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 0.7%

Shares of NYSE T opened at $24.00 on Monday. The stock has a fifty day moving average price of $24.91 and a 200 day moving average price of $26.76. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The company has a market cap of $170.11 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.31 and a beta of 0.39.

AT&T (NYSE:T – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. Research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.6%. AT&T’s dividend payout ratio is 36.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. TD Cowen lifted their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 target price (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Wells Fargo & Company decreased their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, UBS Group restated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $29.42.

Read Our Latest Analysis on AT&T

AT&T Profile

(Free Report)

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

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