AT&T Inc. $T Shares Bought by Csenge Advisory Group

Csenge Advisory Group grew its stake in AT&T Inc. (NYSE:T) by 20.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,293 shares of the technology company’s stock after purchasing an additional 31,935 shares during the period. Csenge Advisory Group’s holdings in AT&T were worth $5,346,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its position in AT&T by 7.9% during the third quarter. Ritholtz Wealth Management now owns 282,767 shares of the technology company’s stock worth $7,985,000 after purchasing an additional 20,694 shares in the last quarter. Nwam LLC raised its stake in shares of AT&T by 2.9% during the 3rd quarter. Nwam LLC now owns 117,115 shares of the technology company’s stock worth $3,307,000 after buying an additional 3,328 shares during the period. Alliance Wealth Management Group lifted its position in shares of AT&T by 5.5% during the 3rd quarter. Alliance Wealth Management Group now owns 29,186 shares of the technology company’s stock valued at $824,000 after buying an additional 1,528 shares in the last quarter. Country Trust Bank grew its stake in AT&T by 5.7% in the 3rd quarter. Country Trust Bank now owns 10,763 shares of the technology company’s stock valued at $304,000 after acquiring an additional 585 shares during the period. Finally, Global Trust Asset Management LLC grew its stake in AT&T by 88.9% in the 3rd quarter. Global Trust Asset Management LLC now owns 8,076 shares of the technology company’s stock valued at $228,000 after acquiring an additional 3,800 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on T. Williams Trading set a $33.00 price objective on shares of AT&T in a research report on Thursday, October 23rd. Sanford C. Bernstein reduced their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, Barclays reduced their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.36.

AT&T Stock Down 1.0%

Shares of NYSE T opened at $23.50 on Friday. The stock has a market cap of $166.60 billion, a PE ratio of 7.63, a P/E/G ratio of 1.29 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $21.98 and a 12-month high of $29.79. The company has a 50-day moving average of $24.80 and a 200 day moving average of $26.62.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be given a dividend of $0.2775 per share. The ex-dividend date is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T’s dividend payout ratio (DPR) is presently 36.04%.

About AT&T

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.