10,983 Shares in AT&T Inc. (NYSE:T) Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. acquired a new stake in AT&T Inc. (NYSE:T) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,983 shares of the technology company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently added to or reduced their stakes in T. Kraft Davis & Associates LLC purchased a new position in AT&T in the third quarter worth $211,000. West Family Investments Inc. grew its holdings in AT&T by 11.8% during the 3rd quarter. West Family Investments Inc. now owns 22,281 shares of the technology company’s stock valued at $490,000 after buying an additional 2,356 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of AT&T during the third quarter valued at $8,611,000. Banque Cantonale Vaudoise grew its holdings in shares of AT&T by 4.5% during the third quarter. Banque Cantonale Vaudoise now owns 195,222 shares of the technology company’s stock worth $4,295,000 after buying an additional 8,386 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in AT&T by 8.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 125,081 shares of the technology company’s stock worth $2,752,000 after acquiring an additional 9,964 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on T. Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their target price on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Oppenheimer lifted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Finally, Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

AT&T Stock Down 1.1 %

Shares of T opened at $22.73 on Wednesday. The firm has a market cap of $163.09 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 52 week low of $15.85 and a 52 week high of $23.20. The firm’s 50-day simple moving average is $21.94 and its 200 day simple moving average is $19.84.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period last year, the firm earned $0.64 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s dividend payout ratio is currently 90.24%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.