HF Advisory Group LLC Has $2.17 Million Holdings in AT&T Inc. (NYSE:T)

HF Advisory Group LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 2.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 98,762 shares of the technology company’s stock after selling 2,203 shares during the period. AT&T comprises 1.0% of HF Advisory Group LLC’s holdings, making the stock its 29th biggest position. HF Advisory Group LLC’s holdings in AT&T were worth $2,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crescent Grove Advisors LLC acquired a new position in AT&T in the 3rd quarter valued at about $229,000. Focused Wealth Management Inc increased its stake in shares of AT&T by 1.1% during the third quarter. Focused Wealth Management Inc now owns 64,083 shares of the technology company’s stock worth $1,410,000 after purchasing an additional 666 shares during the period. Crestwood Advisors Group LLC lifted its holdings in AT&T by 13.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 19,795 shares of the technology company’s stock worth $435,000 after purchasing an additional 2,360 shares during the last quarter. United Advisor Group LLC boosted its stake in AT&T by 22.1% in the 3rd quarter. United Advisor Group LLC now owns 35,374 shares of the technology company’s stock valued at $778,000 after purchasing an additional 6,402 shares during the period. Finally, Catalyst Capital Advisors LLC grew its holdings in AT&T by 3.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 83,902 shares of the technology company’s stock valued at $1,846,000 after buying an additional 2,602 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.6 %

Shares of NYSE T opened at $22.06 on Wednesday. The stock has a 50-day moving average price of $21.56 and a two-hundred day moving average price of $19.44. AT&T Inc. has a 12 month low of $15.46 and a 12 month high of $22.73. 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 company has a market cap of $158.29 billion, a price-to-earnings 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 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 business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the prior year, the company earned $0.64 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on T. Redburn Atlantic raised AT&T to a “strong sell” rating in a report on Monday, September 16th. Daiwa America upgraded shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Barclays increased their target price 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. Citigroup lifted their price target on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Moffett Nathanson increased their price target 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

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.