Golub Group LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 3.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 71,157 shares of the technology company’s stock after purchasing an additional 2,560 shares during the period. Golub Group LLC’s holdings in AT&T were worth $2,693,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in T. Grimes & Company Inc. lifted its stake in AT&T by 0.9% in the 2nd quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock valued at $1,132,000 after buying an additional 294 shares in the last quarter. Interactive Financial Advisors lifted its stake in AT&T by 16.7% in the 2nd quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock worth $70,000 after purchasing an additional 300 shares in the last quarter. D.B. Root & Company LLC lifted its stake in AT&T by 0.9% in the 3rd quarter. D.B. Root & Company LLC now owns 34,925 shares of the technology company’s stock worth $1,321,000 after purchasing an additional 303 shares in the last quarter. Donald L. Hagan LLC lifted its stake in AT&T by 1.5% in the 3rd quarter. Donald L. Hagan LLC now owns 20,988 shares of the technology company’s stock worth $793,000 after purchasing an additional 304 shares in the last quarter. Finally, Berkshire Money Management Inc. lifted its stake in AT&T by 3.2% in the 2nd quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock worth $331,000 after purchasing an additional 305 shares in the last quarter. 52.94% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on T. DZ Bank reissued a “hold” rating and issued a $38.00 target price on shares of AT&T in a research note on Wednesday, September 18th. Citigroup raised their target price on shares of AT&T from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Barclays raised their target price on shares of AT&T from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. They noted that the move was a valuation call. Cowen set a $40.00 target price on shares of AT&T and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Sanford C. Bernstein began coverage on shares of AT&T in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $36.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.74.
Shares of NYSE T traded down $0.04 during midday trading on Friday, reaching $39.38. 18,270,257 shares of the stock were exchanged, compared to its average volume of 30,604,307. The company has a 50 day simple moving average of $37.87 and a 200 day simple moving average of $34.45. The stock has a market capitalization of $287.75 billion, a P/E ratio of 11.19, a PEG ratio of 2.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.74. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $39.58.
AT&T (NYSE:T) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. The business had revenue of $44.59 billion during the quarter, compared to the consensus estimate of $45.45 billion. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 EPS. On average, research analysts expect that AT&T Inc. will post 3.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.18%. AT&T’s dividend payout ratio is currently 57.95%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
Further Reading: Outstanding Shares, Buying and Selling Stocks
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.