IRON Financial LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 45,951 shares of the technology company's stock, valued at approximately $1,011,000.
A number of other institutional investors have also bought and sold shares of T. Teamwork Financial Advisors LLC grew its stake in AT&T by 4.5% during the first quarter. Teamwork Financial Advisors LLC now owns 23,243 shares of the technology company's stock valued at $409,000 after acquiring an additional 996 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of AT&T by 0.9% in the first quarter. Maryland State Retirement & Pension System now owns 562,151 shares of the technology company's stock worth $9,045,000 after buying an additional 4,763 shares in the last quarter. Van ECK Associates Corp boosted its stake in AT&T by 17.0% during the first quarter. Van ECK Associates Corp now owns 371,841 shares of the technology company's stock valued at $6,544,000 after buying an additional 54,078 shares during the last quarter. Norden Group LLC grew its holdings in AT&T by 49.1% during the 1st quarter. Norden Group LLC now owns 68,267 shares of the technology company's stock valued at $1,201,000 after buying an additional 22,477 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in AT&T in the 1st quarter worth approximately $1,036,000. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Stock Up 1.4 %
T stock traded up $0.30 during trading on Thursday, reaching $22.32. 15,583,134 shares of the company traded hands, compared to its average volume of 35,570,148. The business has a 50 day simple moving average of $21.36 and a 200 day simple moving average of $19.25. AT&T Inc. has a 12 month low of $15.25 and a 12 month high of $22.58. 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 company has a market capitalization of $160.04 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 3.74 and a beta of 0.60.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results 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 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 company's revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T's payout ratio is presently 90.24%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on T shares. Hsbc Global Res raised shares of AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. 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. Redburn Atlantic raised shares of AT&T to a "strong sell" rating in a report on Monday, September 16th. Oppenheimer lifted their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, TD Cowen boosted their target price on AT&T from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. One research 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.40.
View Our Latest Stock Report on AT&T
AT&T Company Profile
(
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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