Natixis Advisors LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

Natixis Advisors LLC lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,201,609 shares of the technology company's stock after purchasing an additional 393,838 shares during the period. Natixis Advisors LLC's holdings in AT&T were worth $48,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its position in shares of AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company's stock valued at $25,000 after purchasing an additional 91,578 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings 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 during the last quarter. American Capital Advisory LLC increased its stake in AT&T by 107.5% during 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. Altshuler Shaham Ltd acquired a new position in shares of AT&T during the second quarter valued at approximately $30,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of AT&T by 176.6% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company's stock valued at $35,000 after acquiring an additional 1,192 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Trading Up 1.4 %

Shares of T stock traded up $0.31 on Monday, hitting $22.99. The stock had a trading volume of 34,053,305 shares, compared to its average volume of 35,515,438. The company's 50 day moving average price is $21.89 and its 200-day moving average price is $19.75. AT&T Inc. has a 1 year low of $15.85 and a 1 year high of $23.20. The firm has a market capitalization of $164.96 billion, a P/E ratio of 18.64, a P/E/G ratio of 3.40 and a beta of 0.59. 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, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analysts' expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Thursday, October 10th. AT&T's dividend payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on T shares. Evercore ISI increased their price objective on AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Wells Fargo & Company decreased their price target on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Oppenheimer boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $22.00 target price on shares of AT&T in a research note on Thursday, October 24th. Finally, Hsbc Global Res upgraded AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.