One Way Holdings LLC grew its holdings in AT&T Inc. (NYSE:T – Free Report) by 5,534.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 747,094 shares of the technology company’s stock after acquiring an additional 733,835 shares during the period. One Way Holdings LLC’s holdings in AT&T were worth $18,229,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in T. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of AT&T during the 1st quarter worth approximately $2,901,000. Sound Income Strategies LLC grew its stake in AT&T by 19.8% in the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock valued at $18,772,000 after acquiring an additional 124,997 shares during the period. Orographic Financial Advisors LLC purchased a new stake in shares of AT&T during the first quarter worth about $3,449,000. B.A. Schrock Wealth Management Inc. purchased a new position in shares of AT&T in the third quarter valued at approximately $1,583,000. Finally, Quintet Private Bank Europe S.A. boosted its stake in AT&T by 44.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 2,451,253 shares of the technology company’s stock worth $59,811,000 after purchasing an additional 750,364 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Price Performance
T stock opened at $21.45 on Monday. The business’s fifty day moving average price is $24.36 and its 200 day moving average price is $24.96. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $144.50 billion, a PE ratio of 11.59, a P/E/G ratio of 1.06 and a beta of 0.30.
AT&T (NYSE:T – Get Free Report) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. AT&T’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. On average, sell-side analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.
AT&T Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 60.00%.
Analyst Ratings Changes
Several equities research analysts have issued reports on T shares. Scotiabank cut their target price on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research note on Friday, October 9th. The Goldman Sachs Group set a $27.00 price objective on shares of AT&T in a report on Wednesday, October 21st. KeyCorp decreased their target price on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Barclays lowered their target price on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.55.
AT&T Company Profile
AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.
The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.
AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.
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