Cwm LLC Grows Stake in AT&T Inc. $T

Cwm LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,291,480 shares of the technology company’s stock after purchasing an additional 23,423 shares during the period. Cwm LLC’s holdings in AT&T were worth $64,711,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of T. Front Row Advisors LLC bought a new position in AT&T during the second quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of AT&T during the 2nd quarter valued at $26,000. Kennebec Savings Bank grew its stake in shares of AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares during the period. Solstein Capital LLC increased its holdings in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares during the last quarter. Finally, Curio Wealth LLC increased its holdings in AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.6%

Shares of NYSE:T opened at $24.60 on Friday. The firm has a fifty day moving average price of $25.10 and a two-hundred day moving average price of $27.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79. The company has a market cap of $174.40 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.44 and a beta of 0.38.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, January 12th. AT&T’s payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on T shares. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Williams Trading set a $33.00 price target on shares of AT&T in a research note on Thursday, October 23rd. Loop Capital set a $29.00 price objective on shares of AT&T in a report on Friday, December 19th. Scotiabank set a $30.25 target price on shares of AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Finally, KeyCorp upgraded AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.24.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.