Integrated Investment Consultants LLC Takes $503,000 Position in AT&T Inc. (NYSE:T)

Integrated Investment Consultants LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,883 shares of the technology company's stock, valued at approximately $503,000.

Other large investors also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP acquired a new stake in AT&T during the 2nd quarter worth approximately $23,888,000. Swiss National Bank boosted its holdings in AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock valued at $468,217,000 after purchasing an additional 104,700 shares during the period. Caprock Group LLC grew its stake in AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock worth $4,312,000 after purchasing an additional 30,281 shares in the last quarter. Talbot Financial LLC purchased a new stake in AT&T during the 3rd quarter worth about $7,438,000. Finally, Mackenzie Financial Corp boosted its stake in shares of AT&T by 12.2% in the 2nd quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company's stock valued at $50,486,000 after buying an additional 288,093 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE:T traded up $0.20 on Friday, reaching $23.18. The company's stock had a trading volume of 35,730,665 shares, compared to its average volume of 35,347,680. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $23.29. The stock has a market capitalization of $166.29 billion, a P/E ratio of 18.84, a PEG ratio of 3.41 and a beta of 0.59. The stock's 50-day moving average is $22.02 and its two-hundred day moving average is $19.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to analysts' expectations of $30.50 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.79%. AT&T's dividend payout ratio is currently 90.24%.

Analysts Set New Price Targets

Several brokerages recently weighed in on T. Barclays raised their target price on shares of AT&T from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Daiwa America upgraded shares of AT&T to a "hold" rating in a research note on Friday, July 26th. Citigroup raised their price target on AT&T from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Redburn Atlantic upgraded AT&T to a "strong sell" rating in a report on Monday, September 16th. Finally, Moffett Nathanson boosted their target price on AT&T from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.40.

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.