Newman Dignan & Sheerar Inc. Purchases 537 Shares of AT&T Inc. (NYSE:T)

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Newman Dignan & Sheerar Inc. raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 33,495 shares of the technology company’s stock after purchasing an additional 537 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in AT&T were worth $1,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JJJ Advisors Inc. bought a new stake in shares of AT&T during the third quarter valued at approximately $27,000. Bourgeon Capital Management LLC purchased a new stake in shares of AT&T in the third quarter valued at approximately $45,000. Fulcrum Equity Management purchased a new stake in shares of AT&T in the third quarter valued at approximately $51,000. Corbenic Partners LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $54,000. Finally, Quantum Capital Management bought a new position in AT&T in the third quarter worth approximately $57,000. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:T opened at $37.87 on Thursday. AT&T Inc. has a 12-month low of $28.92 and a 12-month high of $39.70. The business’s fifty day simple moving average is $38.53 and its 200-day simple moving average is $36.76. The company has a market capitalization of $278.25 billion, a PE ratio of 10.76, a P/E/G ratio of 2.37 and a beta of 0.62. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.79.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The firm had revenue of $44.59 billion during the quarter, compared to analysts’ expectations of $45.45 billion. During the same period in the prior year, the business posted $0.90 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 3.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.52 dividend. The ex-dividend date is Thursday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 5.49%. AT&T’s payout ratio is currently 59.09%.

Several research analysts have commented on T shares. UBS Group raised their price objective on AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Standpoint Research cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, November 1st. SunTrust Banks increased their price target on AT&T to $36.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Sanford C. Bernstein initiated coverage on AT&T in a research note on Tuesday, October 15th. They set a “market perform” rating and a $36.00 price target on the stock. Finally, Moffett Nathanson downgraded AT&T from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average price target of $39.22.

AT&T Profile

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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