Wilmington Savings Fund Society FSB lifted its stake in shares of AT&T Inc. (NYSE:T – Free Report) 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 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.
Check Out Our Latest Research Report on AT&T
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.
Further Reading
- Five stocks we like better than AT&T
- The Role Economic Reports Play in a Successful Investment Strategy
- 3 Small-Cap Stocks With Big Growth Potential
- Retail Stocks Investing, Explained
- WallStreetBets: How a Reddit Forum Shook Up Stock Market Dynamics
- Why Invest in 5G? How to Invest in 5G Stocks
- Are 2024’s Top Insider Buys a Good Bet for 2025?
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.