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Smith Salley and Moss Adams increased AT&T stakes; earnings beat estimates, stock at $28.31.
Smith Salley Wealth Management increased its AT&T stake by 3,755 shares, holding 123,888 shares worth $3.59 million, while Moss Adams Wealth Advisors boosted its position by 3,874 shares to 24,687, totaling about 57.1% of AT&T’s shares.
AT&T reported second-quarter earnings of $0.54 per share, slightly above expectations, and revenue of $30.85 billion, up 3.4% year-over-year.
The stock traded at $28.31 with a market cap of $202.43 billion, a P/E ratio of 16.09, and a dividend yield of 3.9%.
Analysts maintain a "Moderate Buy" rating with a $30.74 price target.
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Smith Salley y Moss Adams aumentaron las participaciones de AT&T; las ganancias superaron las estimaciones, las acciones a $ 28.31.