AT&T Inc. (NYSE:T) Stock Holdings Lifted by Insight Folios Inc

Insight Folios Inc lifted its position in AT&T Inc. (NYSE:T) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 402,731 shares of the technology company’s stock after acquiring an additional 19,694 shares during the quarter. AT&T makes up about 3.2% of Insight Folios Inc’s holdings, making the stock its 3rd biggest holding. Insight Folios Inc’s holdings in AT&T were worth $8,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Hayek Kallen Investment Management grew its position in AT&T by 0.8% during the third quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock worth $1,326,000 after buying an additional 500 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in shares of AT&T by 0.7% in the 3rd quarter. Lake Street Advisors Group LLC now owns 73,562 shares of the technology company’s stock worth $1,618,000 after acquiring an additional 513 shares during the period. Octavia Wealth Advisors LLC grew its holdings in shares of AT&T by 2.1% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock worth $484,000 after purchasing an additional 519 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of AT&T by 2.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock valued at $452,000 after purchasing an additional 521 shares during the period. Finally, WealthCare Investment Partners LLC raised its stake in shares of AT&T by 2.2% in the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock valued at $461,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 1.7 %

Shares of NYSE T opened at $21.83 on Monday. AT&T Inc. has a 1-year low of $14.74 and a 1-year high of $22.58. The company has a 50-day moving average of $21.20 and a two-hundred day moving average of $19.15. The company has a market cap of $156.53 billion, a PE ratio of 17.75, a P/E/G ratio of 3.74 and a beta of 0.60. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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 $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.08%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Evercore ISI increased their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday. Daiwa America upgraded shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Moffett Nathanson raised their target price on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

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.