AT&T Inc. (NYSE:T) Stock Holdings Increased by United Advisor Group LLC

United Advisor Group LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 22.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 35,374 shares of the technology company’s stock after acquiring an additional 6,402 shares during the quarter. United Advisor Group LLC’s holdings in AT&T were worth $778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hayek Kallen Investment Management lifted its stake in AT&T by 0.8% in the third 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 in the last quarter. Lake Street Advisors Group LLC lifted its position in 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 valued at $1,618,000 after acquiring an additional 513 shares in the last quarter. Octavia Wealth Advisors LLC boosted its stake in AT&T by 2.1% in 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 during the period. Carolinas Wealth Consulting LLC increased its holdings in AT&T by 2.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after purchasing an additional 521 shares in the last quarter. Finally, WealthCare Investment Partners LLC raised its stake in shares of AT&T by 2.2% in the 2nd 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 during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.6 %

T stock opened at $22.06 on Wednesday. AT&T Inc. has a 1-year low of $15.46 and a 1-year high of $22.73. The business’s 50 day simple moving average is $21.56 and its 200 day simple moving average is $19.44. 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 firm has a market capitalization of $158.29 billion, a PE ratio of 17.93, a PEG ratio of 3.32 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Thursday, October 10th. AT&T’s dividend payout ratio is presently 90.24%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Moffett Nathanson upped their price objective on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of AT&T in a report on Thursday, October 24th. Wells Fargo & Company reduced their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.40.

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.