Zeke Capital Advisors LLC Raises Position in AT&T Inc. (T)

Zeke Capital Advisors LLC increased its position in AT&T Inc. (NYSE:T) by 72.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,181 shares of the technology company’s stock after buying an additional 39,990 shares during the quarter. Zeke Capital Advisors LLC’s holdings in AT&T were worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares in the last quarter. BlackRock Inc. increased its holdings in AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after purchasing an additional 4,104,136 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in AT&T by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after purchasing an additional 1,672,264 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in AT&T by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after purchasing an additional 3,572,307 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after purchasing an additional 1,263,645 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on T. SunTrust Banks restated a “hold” rating and set a $36.00 target price on shares of AT&T in a research note on Friday, October 27th. Nomura lowered their target price on AT&T to $42.00 and set a “buy” rating for the company in a research note on Tuesday, November 21st. Standpoint Research began coverage on AT&T in a research note on Wednesday, November 8th. They set a “buy” rating and a $40.00 target price for the company. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Citigroup raised their target price on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.92.

AT&T Inc. (NYSE:T) opened at $36.60 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $42.70. The stock has a market cap of $223,275.42, a PE ratio of 7.69, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. During the same quarter last year, the company posted $0.66 earnings per share. AT&T’s revenue was down .4% on a year-over-year basis. equities analysts expect that AT&T Inc. will post 3.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.50 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.46%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is currently 42.02%.

In other AT&T news, Director Richard W. Fisher bought 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $38.10 per share, with a total value of $99,060.00. Following the completion of the acquisition, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Donovan purchased 27,997 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the acquisition, the chief executive officer now owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

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AT&T 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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