Mosaic Financial Group LLC Has $5.53 Million Stock Holdings in AT&T Inc. (NYSE:T)

Mosaic Financial Group LLC lessened its stake in AT&T Inc. (NYSE:T) by 16.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 251,226 shares of the technology company’s stock after selling 47,766 shares during the period. AT&T comprises about 3.9% of Mosaic Financial Group LLC’s portfolio, making the stock its 5th biggest position. Mosaic Financial Group LLC’s holdings in AT&T were worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Davidson Kempner Capital Management LP acquired a new position in AT&T in the second quarter valued at $23,888,000. Swiss National Bank raised its position in shares of AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after acquiring an additional 104,700 shares in the last quarter. Caprock Group LLC raised its position in shares of AT&T by 18.3% in the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after acquiring an additional 30,281 shares in the last quarter. Talbot Financial LLC acquired a new position in shares of AT&T in the 3rd quarter valued at about $7,438,000. Finally, Mackenzie Financial Corp boosted its position in shares of AT&T by 12.2% during the 2nd quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock valued at $50,486,000 after purchasing an additional 288,093 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on T shares. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of AT&T in a research note on Thursday, October 24th. Barclays increased their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Oppenheimer upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.73.

AT&T Trading Up 0.2 %

NYSE T opened at $23.88 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $20.37. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The firm has a market capitalization of $171.35 billion, a P/E ratio of 19.41, a PEG ratio of 3.58 and a beta of 0.59.

AT&T (NYSE:T) last announced 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 company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts predict that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.65%. AT&T’s payout ratio is presently 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.