Atlanta Consulting Group Advisors LLC Takes Position in AT&T Inc. (NYSE:T)

Atlanta Consulting Group Advisors LLC acquired a new position in AT&T Inc. (NYSE:T - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,085 shares of the technology company's stock, valued at approximately $904,000.

Several other large investors also recently added to or reduced their stakes in T. TIAA Trust National Association lifted its position in shares of AT&T by 11.0% during the 1st quarter. TIAA Trust National Association now owns 253,244 shares of the technology company's stock valued at $4,457,000 after buying an additional 25,155 shares in the last quarter. Patten & Patten Inc. TN increased its stake in AT&T by 14.9% in the 1st quarter. Patten & Patten Inc. TN now owns 16,315 shares of the technology company's stock worth $287,000 after buying an additional 2,116 shares in the last quarter. Covestor Ltd raised its holdings in AT&T by 30.3% during the first quarter. Covestor Ltd now owns 2,678 shares of the technology company's stock valued at $48,000 after acquiring an additional 622 shares during the period. Bahl & Gaynor Inc. lifted its position in shares of AT&T by 13.5% in the first quarter. Bahl & Gaynor Inc. now owns 40,623 shares of the technology company's stock valued at $715,000 after acquiring an additional 4,841 shares in the last quarter. Finally, Alerus Financial NA grew its position in shares of AT&T by 0.9% during the first quarter. Alerus Financial NA now owns 430,289 shares of the technology company's stock worth $7,573,000 after purchasing an additional 3,777 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

T stock traded up $0.43 during midday trading on Friday, reaching $22.68. The stock had a trading volume of 40,207,263 shares, compared to its average volume of 34,622,808. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a fifty day simple moving average of $21.89 and a two-hundred day simple moving average of $19.73. The stock has a market cap of $162.74 billion, a PE ratio of 18.44, a P/E/G ratio of 3.40 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.75 and a 52-week high of $22.75.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date was Thursday, October 10th. AT&T's payout ratio is presently 90.24%.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. Daiwa America raised shares of AT&T to a "hold" rating in a research note on Friday, July 26th. Scotiabank cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. Barclays raised their price target on AT&T from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on AT&T from $21.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. Finally, Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average target price of $23.40.

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.