AT&T Inc. (NYSE:T) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC increased its position in shares of AT&T Inc. (NYSE:T) by 37.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,966 shares of the technology company’s stock after acquiring an additional 79,845 shares during the period. IHT Wealth Management LLC’s holdings in AT&T were worth $6,412,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of T. Chesapeake Wealth Management grew its holdings in shares of AT&T by 1.9% in the 3rd quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock valued at $535,000 after buying an additional 460 shares during the period. Socha Financial Group LLC grew its holdings in shares of AT&T by 2.5% in the 3rd quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock valued at $415,000 after buying an additional 461 shares during the period. Garden State Investment Advisory Services LLC grew its holdings in shares of AT&T by 1.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock valued at $759,000 after buying an additional 468 shares during the period. Essex Savings Bank grew its holdings in shares of AT&T by 2.3% in the 3rd quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock valued at $476,000 after buying an additional 480 shares during the period. Finally, Hayek Kallen Investment Management grew its holdings in shares of AT&T by 0.8% in the 3rd quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock valued at $1,326,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T traded up $0.97 on Tuesday, reaching $23.67. The company had a trading volume of 20,579,321 shares, compared to its average volume of 35,340,641. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The stock has a market cap of $169.84 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.48 and a beta of 0.59. The company’s fifty day moving average is $22.17 and its 200 day moving average is $20.17. 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 (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.69%. AT&T’s dividend payout ratio is 90.24%.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. Moffett Nathanson upped their target price on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Citigroup boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Oppenheimer boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays boosted their price target on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price target on shares of AT&T in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $23.53.

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.