Landscape Capital Management L.L.C. Takes $3.72 Million Position in AT&T Inc. (NYSE:T)

Landscape Capital Management L.L.C. acquired a new position in AT&T Inc. (NYSE:T - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 168,865 shares of the technology company's stock, valued at approximately $3,715,000.

A number of other institutional investors also recently bought and sold shares of T. Strategic Financial Concepts LLC raised its holdings in AT&T by 227.6% during the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock valued at $25,000 after acquiring an additional 91,578 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in 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 purchasing an additional 1,116 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its holdings 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 purchasing an additional 841 shares in the last quarter. American Capital Advisory LLC boosted 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 purchasing an additional 807 shares during the period. Finally, Altshuler Shaham Ltd purchased a new stake in AT&T during the 2nd quarter valued at approximately $30,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on T. Tigress Financial boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Moffett Nathanson increased their price objective on shares of AT&T from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on AT&T from $21.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. Redburn Atlantic upgraded AT&T to a "strong sell" rating in a report on Monday, September 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $22.00 price objective on shares of AT&T in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.40.

AT&T Trading Up 0.4 %

T opened at $22.83 on Thursday. 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 stock's 50 day moving average price is $21.96 and its 200-day moving average price is $19.86. AT&T Inc. has a one year low of $15.94 and a one year high of $23.20. The stock has a market cap of $163.81 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 3.41 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for 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 business's revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

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 was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.86%. AT&T's payout ratio is 90.24%.

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.

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