BT Investment Management Ltd increased its holdings in shares of AT&T Inc. (NYSE:T) by 43.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221,273 shares of the technology company’s stock after purchasing an additional 67,232 shares during the quarter. BT Investment Management Ltd’s holdings in AT&T were worth $8,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in T. Hendershot Investments Inc. lifted its holdings in AT&T by 32.1% in the third quarter. Hendershot Investments Inc. now owns 7,508 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,825 shares during the period. Lincoln National Corp lifted its holdings in AT&T by 8.4% in the third quarter. Lincoln National Corp now owns 72,468 shares of the technology company’s stock valued at $2,839,000 after acquiring an additional 5,587 shares during the period. ST Germain D J Co. Inc. lifted its holdings in AT&T by 2.4% in the third quarter. ST Germain D J Co. Inc. now owns 110,458 shares of the technology company’s stock valued at $4,327,000 after acquiring an additional 2,578 shares during the period. Verity & Verity LLC lifted its holdings in AT&T by 4.0% in the third quarter. Verity & Verity LLC now owns 172,637 shares of the technology company’s stock valued at $6,762,000 after acquiring an additional 6,623 shares during the period. Finally, Brookstone Capital Management lifted its holdings in AT&T by 6.2% in the third quarter. Brookstone Capital Management now owns 217,239 shares of the technology company’s stock valued at $8,509,000 after acquiring an additional 12,653 shares during the period. 55.76% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc. (NYSE:T) opened at $36.90 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70. The company has a market capitalization of $226,530.00, a PE ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same period last year, the business earned $0.74 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. research analysts expect that AT&T Inc. will post 2.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 96.15%.
In other AT&T news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.
A number of research firms have weighed in on T. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 target price on the stock in a report on Thursday, September 28th. KeyCorp increased their target price on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a report on Tuesday, January 2nd. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Robert W. Baird lowered their target price on AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Finally, ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One 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 has a consensus rating of “Hold” and a consensus target price of $42.59.
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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.
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