AT&T Inc. (NYSE:T) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,679,313 shares of the technology company's stock after buying an additional 39,861 shares during the period. AT&T accounts for about 0.7% of Advisors Asset Management Inc.'s holdings, making the stock its 14th largest holding. Advisors Asset Management Inc.'s holdings in AT&T were worth $36,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strategic Financial Concepts LLC raised its holdings in AT&T by 227.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock worth $25,000 after purchasing an additional 91,578 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock worth $27,000 after buying an additional 1,116 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after buying an additional 841 shares in the last quarter. American Capital Advisory LLC increased its stake in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock worth $30,000 after buying an additional 807 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in AT&T in the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on T shares. Oppenheimer increased their price target on AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Redburn Atlantic upgraded AT&T to a "strong sell" rating in a research note on Monday, September 16th. Hsbc Global Res upgraded AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. TD Cowen raised their price objective on AT&T from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Finally, Evercore ISI raised their price objective on AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.40.

AT&T Trading Up 0.4 %

Shares of AT&T stock traded up $0.10 on Wednesday, hitting $22.83. 20,419,210 shares of the company traded hands, compared to its average volume of 35,400,484. The stock's 50 day moving average price is $21.94 and its 200-day moving average price is $19.84. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $23.20. The company has a market cap of $163.81 billion, a PE ratio of 18.48, a PEG ratio of 3.40 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T's revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Equities research analysts predict that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T's dividend payout ratio is currently 90.24%.

About AT&T

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.