Winthrop Advisory Group LLC Buys 687 Shares of AT&T Inc. (NYSE:T)

Winthrop Advisory Group LLC raised its stake in AT&T Inc. (NYSE:T) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,518 shares of the technology company’s stock after purchasing an additional 687 shares during the period. Winthrop Advisory Group LLC’s holdings in AT&T were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sittner & Nelson LLC boosted its stake in AT&T by 41.4% in the third quarter. Sittner & Nelson LLC now owns 16,058 shares of the technology company’s stock valued at $353,000 after acquiring an additional 4,700 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $608,000. Keynote Financial Services LLC lifted its stake in AT&T by 1.2% in the 3rd quarter. Keynote Financial Services LLC now owns 114,246 shares of the technology company’s stock worth $2,513,000 after purchasing an additional 1,400 shares in the last quarter. Hara Capital LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $85,000. Finally, JB Capital LLC lifted its stake in AT&T by 2.9% in the 3rd quarter. JB Capital LLC now owns 27,723 shares of the technology company’s stock worth $610,000 after purchasing an additional 778 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 1.2 %

Shares of T opened at $22.05 on Friday. The stock has a market capitalization of $158.22 billion, a P/E ratio of 17.93, a PEG ratio of 3.29 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $21.61 and a two-hundred day simple moving average of $19.46. AT&T Inc. has a twelve month low of $15.46 and a twelve month high of $22.73.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business 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%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders 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 yield of 5.03%. AT&T’s payout ratio is currently 90.24%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup increased their target price on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. JPMorgan Chase & Co. increased 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, Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 price target on shares of AT&T in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.