Coppell Advisory Solutions Corp. Buys Shares of 16,772 AT&T Inc. (NYSE:T)

Coppell Advisory Solutions Corp. purchased a new position in shares of AT&T Inc. (NYSE:T) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,772 shares of the technology company’s stock, valued at approximately $295,000.

Other institutional investors have also modified their holdings of the company. Pineridge Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new stake in AT&T in the 4th quarter valued at about $25,000. First Pacific Financial boosted its stake in shares of AT&T by 166.7% in the 1st quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. HighMark Wealth Management LLC grew its position in shares of AT&T by 58.2% during the first quarter. HighMark Wealth Management LLC now owns 2,204 shares of the technology company’s stock worth $41,000 after buying an additional 811 shares in the last quarter. Finally, ESL Trust Services LLC purchased a new stake in shares of AT&T during the first quarter worth approximately $39,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on T shares. Oppenheimer raised their price target on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Barclays raised their price objective on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Monday, July 1st. They set a “buy” rating and a $22.00 target price for the company. Finally, Scotiabank boosted their price target on AT&T from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.33.

AT&T Price Performance

Shares of AT&T stock traded up $0.22 during mid-day trading on Thursday, reaching $19.47. 19,167,615 shares of the stock were exchanged, compared to its average volume of 36,626,730. AT&T Inc. has a fifty-two week low of $13.89 and a fifty-two week high of $19.74. The company has a market cap of $139.60 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 3.20 and a beta of 0.58. The firm has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $17.52. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $30.05 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio is 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.