Signaturefd LLC Has $3.49 Million Stock Position in AT&T Inc. (NYSE:T)

Signaturefd LLC lowered its stake in AT&T Inc. (NYSE:T) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 158,650 shares of the technology company’s stock after selling 5,215 shares during the period. Signaturefd LLC’s holdings in AT&T were worth $3,490,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AdvisorNet Financial Inc boosted its holdings in AT&T by 12.3% in the 1st quarter. AdvisorNet Financial Inc now owns 20,002 shares of the technology company’s stock valued at $352,000 after purchasing an additional 2,186 shares during the period. Global Assets Advisory LLC bought a new stake in AT&T in the 1st quarter valued at about $2,436,000. Austin Private Wealth LLC boosted its holdings in AT&T by 12.9% in the 1st quarter. Austin Private Wealth LLC now owns 18,345 shares of the technology company’s stock valued at $323,000 after purchasing an additional 2,101 shares during the period. Capital Advisors Wealth Management LLC boosted its holdings in AT&T by 26.9% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 18,662 shares of the technology company’s stock valued at $328,000 after purchasing an additional 3,958 shares during the period. Finally, Charles Schwab Trust Co boosted its holdings in AT&T by 13.4% in the 1st quarter. Charles Schwab Trust Co now owns 16,594 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,962 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on T shares. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Moffett Nathanson upped their price target on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Royal Bank of Canada upped their price target on shares of AT&T from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Finally, Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.69.

AT&T Stock Down 0.6 %

NYSE T traded down $0.14 on Tuesday, hitting $21.52. 20,723,133 shares of the company were exchanged, compared to its average volume of 35,436,242. The company has a market cap of $154.30 billion, a PE ratio of 12.32, a PEG ratio of 3.73 and a beta of 0.60. AT&T Inc. has a 12 month low of $14.74 and a 12 month high of $22.34. The stock has a fifty day moving average of $20.99 and a 200-day moving average of $19.01. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. As a group, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 63.79%.

About AT&T

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.