Private Capital Group LLC Raises Stake in AT&T Inc. (NYSE:T)

Private Capital Group LLC lifted its stake in AT&T Inc. (NYSE:T) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,407 shares of the technology company’s stock after buying an additional 2,010 shares during the period. Private Capital Group LLC’s holdings in AT&T were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Ibex Wealth Advisors grew its stake in AT&T by 0.8% in the 3rd quarter. Ibex Wealth Advisors now owns 198,405 shares of the technology company’s stock valued at $6,644,000 after buying an additional 1,493 shares in the last quarter. SSI Investment Management Inc. grew its stake in AT&T by 10.0% in the 2nd quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock valued at $549,000 after buying an additional 1,553 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in AT&T by 1.7% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock valued at $3,059,000 after buying an additional 1,553 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in AT&T by 27.0% in the 2nd quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock valued at $235,000 after buying an additional 1,560 shares in the last quarter. Finally, Endurance Wealth Management Inc. grew its stake in AT&T by 7.5% in the 2nd quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock valued at $728,000 after buying an additional 1,572 shares in the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.

In related news, CEO John T. Stankey sold 3,748 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total value of $111,840.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey Y. Yang purchased 33,558 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was bought at an average price of $29.79 per share, with a total value of $999,692.82. Following the completion of the purchase, the director now owns 5,402 shares of the company’s stock, valued at approximately $160,925.58. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on T shares. Cowen upped their target price on AT&T from $34.00 to $36.00 in a research report on Sunday, December 9th. Argus reaffirmed a “buy” rating and set a $48.00 price objective on shares of AT&T in a research note on Friday, October 26th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 price objective for the company in a research note on Sunday, December 9th. Barclays set a $32.00 price objective on AT&T and gave the stock a “hold” rating in a research note on Friday, January 18th. Finally, Citigroup raised AT&T from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.89.

Shares of NYSE:T traded up $0.11 during midday trading on Monday, reaching $29.66. The company had a trading volume of 407,521 shares, compared to its average volume of 33,379,894. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.81 and a current ratio of 0.80. The company has a market cap of $181.41 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.25 and a beta of 0.54. AT&T Inc. has a 1-year low of $26.80 and a 1-year high of $37.81.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $47.99 billion for the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, equities analysts predict that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Thursday, January 10th were given a $0.51 dividend. This is an increase from AT&T’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, January 9th. This represents a $2.04 annualized dividend and a dividend yield of 6.88%. AT&T’s dividend payout ratio is presently 57.95%.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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