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Nwam LLC Has $2.40 Million Stock Holdings in AT&T Inc. (NYSE:T)

AT&T logo with Computer and Technology background

Nwam LLC boosted its position in AT&T Inc. (NYSE:T - Free Report) by 78.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,161 shares of the technology company's stock after purchasing an additional 47,873 shares during the quarter. Nwam LLC's holdings in AT&T were worth $2,402,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Chesapeake Wealth Management raised its stake in AT&T by 1.9% during the 3rd quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company's stock worth $535,000 after buying an additional 460 shares during the period. Socha Financial Group LLC raised its position in shares of AT&T by 2.5% during the third quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company's stock worth $415,000 after purchasing an additional 461 shares during the period. Essex Savings Bank grew its position in shares of AT&T by 2.3% in the 3rd quarter. Essex Savings Bank now owns 21,636 shares of the technology company's stock valued at $476,000 after purchasing an additional 480 shares during the period. Hayek Kallen Investment Management lifted its stake in AT&T by 0.8% in the third quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company's stock valued at $1,326,000 after buying an additional 500 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its stake in AT&T by 2.1% in the third quarter. Aviance Capital Partners LLC now owns 24,389 shares of the technology company's stock valued at $537,000 after buying an additional 501 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE:T traded up $0.20 during mid-day trading on Friday, hitting $23.18. 35,732,870 shares of the stock were exchanged, compared to its average volume of 31,071,468. 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's 50-day simple moving average is $22.02 and its 200 day simple moving average is $19.94. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $23.29. The stock has a market capitalization of $166.32 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 3.45 and a beta of 0.59.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T's payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on T. Oppenheimer raised their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Evercore ISI lifted their price target 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. Tigress Financial upped their price objective on AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Scotiabank lowered AT&T from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $22.00 price target on shares of AT&T in a research report on Thursday, October 24th. One investment 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. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus target price of $23.40.

Read Our Latest Stock 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.

See Also

Institutional Ownership by Quarter for AT&T (NYSE:T)

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