Quest Partners LLC Boosts Stock Position in AT&T Inc. (NYSE:T)

Quest Partners LLC raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 2,555.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,392 shares of the technology company's stock after purchasing an additional 96,612 shares during the period. Quest Partners LLC's holdings in AT&T were worth $2,209,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its stake in AT&T by 30.3% during the first quarter. Covestor Ltd now owns 2,678 shares of the technology company's stock worth $48,000 after buying an additional 622 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of AT&T by 13.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 40,623 shares of the technology company's stock worth $715,000 after acquiring an additional 4,841 shares during the period. Bessemer Group Inc. increased its stake in AT&T by 72.2% in the first quarter. Bessemer Group Inc. now owns 323,538 shares of the technology company's stock valued at $5,696,000 after acquiring an additional 135,603 shares during the period. Lake Street Advisors Group LLC boosted its holdings in AT&T by 40.8% during the first quarter. Lake Street Advisors Group LLC now owns 75,861 shares of the technology company's stock valued at $1,335,000 after purchasing an additional 22,001 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in AT&T by 10,357.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,811,000 shares of the technology company's stock valued at $31,874,000 after acquiring an additional 1,793,682 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 1.1 %

Shares of T stock traded down $0.26 during mid-day trading on Tuesday, reaching $22.73. 24,240,170 shares of the stock traded hands, compared to its average volume of 35,465,199. The company has a market cap of $163.09 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock's fifty day simple moving average is $21.92 and its two-hundred day simple moving average is $19.79. AT&T Inc. has a 1-year low of $15.85 and a 1-year high of $23.20.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the company earned $0.64 earnings per share. The firm's revenue was down .5% compared to the same quarter last year. On average, research 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. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T's dividend payout ratio (DPR) is presently 90.24%.

Analyst Ratings Changes

A number of research analysts have commented on T shares. TD Cowen increased their price objective on AT&T from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised 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. Hsbc Global Res upgraded AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. Redburn Atlantic raised shares of AT&T to a "strong sell" rating in a research report on Monday, September 16th. Finally, Tigress Financial increased 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. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.40.

AT&T 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.