SYM FINANCIAL Corp Acquires 2,005 Shares of AT&T Inc. (NYSE:T)

SYM FINANCIAL Corp boosted its holdings in AT&T Inc. (NYSE:T) by 9.5% in the third quarter, HoldingsChannel reports. The firm owned 23,011 shares of the technology company’s stock after purchasing an additional 2,005 shares during the period. SYM FINANCIAL Corp’s holdings in AT&T were worth $506,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of AT&T by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock valued at $1,549,375,000 after acquiring an additional 5,592,123 shares in the last quarter. FMR LLC increased its holdings in shares of AT&T by 1.9% during the third quarter. FMR LLC now owns 60,986,064 shares of the technology company’s stock valued at $1,341,693,000 after acquiring an additional 1,149,688 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of AT&T by 2.7% during the second quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company’s stock valued at $1,148,689,000 after acquiring an additional 1,569,374 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of AT&T by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company’s stock valued at $985,307,000 after acquiring an additional 1,007,228 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of AT&T by 1.1% during the second quarter. LSV Asset Management now owns 30,092,610 shares of the technology company’s stock valued at $575,070,000 after acquiring an additional 315,580 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on T. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Tigress Financial lifted their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Redburn Atlantic raised AT&T to a “strong sell” rating in a research report on Monday, September 16th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.07.

AT&T Stock Down 0.8 %

Shares of NYSE T opened at $23.55 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The stock has a market capitalization of $168.94 billion, a PE ratio of 19.14, a P/E/G ratio of 3.56 and a beta of 0.59. The business’s fifty day moving average price is $22.28 and its 200-day moving average price is $20.28.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.71%. AT&T’s payout ratio is 90.24%.

AT&T 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.