Elios Financial Group Inc. bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,587 shares of the technology company's stock, valued at approximately $519,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of AT&T by 356.5% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company's stock valued at $27,000 after acquiring an additional 1,116 shares during the period. American Capital Advisory LLC boosted its stake in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company's stock worth $30,000 after acquiring an additional 807 shares during the period. Reston Wealth Management LLC bought a new stake in AT&T in the 3rd quarter worth approximately $35,000. Finally, Altshuler Shaham Ltd purchased a new stake in AT&T in the 2nd quarter worth about $30,000. 57.10% of the stock is owned by institutional investors.
AT&T Price Performance
NYSE:T traded down $0.05 during trading hours on Tuesday, hitting $23.05. The company's stock had a trading volume of 17,730,834 shares, compared to its average volume of 35,393,570. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market capitalization of $165.39 billion, a P/E ratio of 18.78, a PEG ratio of 3.48 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $23.32. The stock has a fifty day simple moving average of $22.04 and a 200-day simple moving average of $20.00.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analysts' expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, analysts anticipate that AT&T Inc. will post 2.22 EPS for the current fiscal year.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.82%. AT&T's dividend payout ratio (DPR) is presently 90.24%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on T shares. Oppenheimer boosted their price target on AT&T from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Citigroup upped their price target on AT&T from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Barclays increased their price target on AT&T from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Hsbc Global Res upgraded shares of AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $23.40.
Read Our Latest Analysis on AT&T
About AT&T
(
Free Report)
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.
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