Apollon Financial LLC Acquires 706 Shares of AT&T Inc. (NYSE:T)

Apollon Financial LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 6.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,604 shares of the technology company’s stock after buying an additional 706 shares during the period. Apollon Financial LLC’s holdings in AT&T were worth $255,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Great Diamond Partners LLC grew its position in AT&T by 9.2% during the 1st quarter. Great Diamond Partners LLC now owns 17,268 shares of the technology company’s stock worth $304,000 after acquiring an additional 1,457 shares during the last quarter. Bleakley Financial Group LLC boosted its position in AT&T by 7.2% during the 1st quarter. Bleakley Financial Group LLC now owns 257,045 shares of the technology company’s stock worth $4,524,000 after buying an additional 17,315 shares during the period. Entropy Technologies LP increased its position in AT&T by 250.6% in the 1st quarter. Entropy Technologies LP now owns 292,306 shares of the technology company’s stock valued at $5,145,000 after acquiring an additional 208,923 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of AT&T by 20.8% during the first quarter. Koshinski Asset Management Inc. now owns 76,401 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 13,150 shares during the last quarter. Finally, Rogco LP lifted its holdings in shares of AT&T by 9.2% during the first quarter. Rogco LP now owns 11,718 shares of the technology company’s stock worth $206,000 after purchasing an additional 988 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $22.00 target price on shares of AT&T in a research report on Thursday, October 24th. Tigress Financial upped their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Daiwa America raised shares of AT&T to a “hold” rating in a research report on Friday, July 26th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Barclays lifted their target price on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

AT&T Stock Down 0.1 %

Shares of NYSE:T opened at $22.31 on Tuesday. The business’s 50 day moving average is $21.75 and its 200 day moving average is $19.60. AT&T Inc. has a 12-month low of $15.51 and a 12-month high of $22.73. The stock has a market cap of $160.08 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.35 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.

AT&T (NYSE:T) last issued 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. The business had revenue of $30.20 billion during 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 firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.98%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

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.