Cable Hill Partners LLC Increases Position in AT&T Inc. (NYSE:T)

Cable Hill Partners LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,942 shares of the technology company’s stock after purchasing an additional 1,929 shares during the period. Cable Hill Partners LLC’s holdings in AT&T were worth $417,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of T. Davidson Kempner Capital Management LP acquired a new stake in AT&T during the second quarter worth approximately $23,888,000. Talbot Financial LLC acquired a new stake in AT&T during the 3rd quarter worth $7,438,000. Mackenzie Financial Corp lifted its position in AT&T by 12.2% in the second quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock valued at $50,486,000 after acquiring an additional 288,093 shares during the last quarter. DRW Securities LLC boosted its stake in AT&T by 642.2% in the second quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock valued at $1,997,000 after acquiring an additional 90,255 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of AT&T by 7.2% during the third quarter. Van ECK Associates Corp now owns 396,958 shares of the technology company’s stock worth $8,928,000 after purchasing an additional 26,706 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $22.30 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The business’s fifty day moving average price is $21.79 and its two-hundred day moving average price is $19.63. The stock has a market cap of $160.01 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.59. AT&T Inc. has a one year low of $15.52 and a one year high of $22.73.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion for 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 period last year, the company earned $0.64 EPS. On average, analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Moffett Nathanson lifted their price objective on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Barclays upped their target price on shares of AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Oppenheimer raised their price target on AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen upped their price objective on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.