Benjamin F. Edwards & Company Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 13.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,279 shares of the technology company’s stock after buying an additional 12,793 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in AT&T were worth $4,163,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in T. New Capital Management LP lifted its stake in AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in AT&T in the 1st quarter worth about $109,000. Sterling Investment Advisors Ltd. lifted its stake in AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,024 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in AT&T in the 2nd quarter worth about $134,000. Finally, CKW Financial Group lifted its stake in AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares in the last quarter. 55.76% of the stock is owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) opened at $36.90 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70. The company has a market capitalization of $226,530.00, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 3.14 and a beta of 0.44.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the prior year, the business posted $0.74 EPS. AT&T’s revenue was down 3.0% compared to the same quarter last year. sell-side analysts expect that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 96.15%.
In related news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.
T has been the topic of several research reports. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Friday. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.60 target price on the stock in a research report on Wednesday. KeyCorp upped their target price on AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Jefferies Group reissued a “buy” rating and set a $36.38 price objective (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.59.
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.
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.