Hengehold Capital Management LLC Increases Stake in AT&T Inc. (NYSE:T)

Hengehold Capital Management LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 11.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 54,683 shares of the technology company’s stock after acquiring an additional 5,542 shares during the period. Hengehold Capital Management LLC’s holdings in AT&T were worth $2,142,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Holderness Investments Co. raised its position in AT&T by 62.9% during the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 37,234 shares in the last quarter. Doyle Wealth Management increased its holdings in shares of AT&T by 4.3% in the 2nd quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock valued at $1,417,000 after acquiring an additional 1,559 shares during the period. Telos Capital Management Inc. increased its holdings in shares of AT&T by 4.8% in the 2nd quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after acquiring an additional 3,197 shares during the period. Altfest L J & Co. Inc. increased its holdings in shares of AT&T by 42.1% in the 2nd quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock valued at $1,721,000 after acquiring an additional 13,510 shares during the period. Finally, Welch Investments LLC increased its holdings in shares of AT&T by 9.3% in the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after acquiring an additional 9,291 shares during the period. 55.76% of the stock is owned by hedge funds and other institutional investors.

AT&T Inc. (NYSE T) traded up $0.42 during trading hours on Friday, reaching $36.90. The company had a trading volume of 30,950,400 shares, compared to its average volume of 31,670,000. The stock has a market capitalization of $226,530.00, a price-to-earnings ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70.

AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. equities research analysts anticipate that AT&T Inc. will post 2.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. AT&T’s dividend payout ratio (DPR) is presently 96.15%.

Several brokerages recently weighed in on T. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a research note on Tuesday, September 26th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Moffett Nathanson reaffirmed a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. Finally, Morgan Stanley lifted their price target on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $42.59.

In related news, Director Matthew K. Rose purchased 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the acquisition, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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

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