Wilmington Savings Fund Society FSB Grows Stock Holdings in AT&T Inc. (NYSE:T)

Wilmington Savings Fund Society FSB lifted its stake in shares of AT&T Inc. (NYSE:T) by 386.1% during the third quarter, HoldingsChannel.com reports. The fund owned 266,565 shares of the technology company’s stock after buying an additional 211,723 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in AT&T were worth $5,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Davidson Kempner Capital Management LP bought a new stake in shares of AT&T in the 2nd quarter valued at about $23,888,000. Swiss National Bank increased its holdings in AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after buying an additional 104,700 shares during the period. Caprock Group LLC raised its stake in AT&T by 18.3% in the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after buying an additional 30,281 shares in the last quarter. Talbot Financial LLC purchased a new stake in AT&T during the third quarter worth $7,438,000. Finally, Mackenzie Financial Corp boosted its position in AT&T by 12.2% during the 2nd 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 in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $23.36 on Friday. The company’s 50 day moving average is $22.47 and its 200 day moving average is $20.51. The company has a market cap of $167.61 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. 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 Inc. has a twelve month low of $15.94 and a twelve month high of $24.03.

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, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.75%. AT&T’s payout ratio is 90.24%.

Analysts Set New Price Targets

Several research firms have recently commented on T. Wells Fargo & Company reduced their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Oppenheimer assumed coverage on shares of AT&T in a research report on Tuesday. They set an “outperform” rating and a $28.00 target price for the company. Finally, Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

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.