AT&T Inc. (T) Shares Bought by Fusion Family Wealth LLC

Fusion Family Wealth LLC lifted its holdings in AT&T Inc. (NYSE:T) by 346.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,625 shares of the technology company’s stock after buying an additional 3,588 shares during the period. Fusion Family Wealth LLC’s holdings in AT&T were worth $181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in T. New Capital Management LP lifted its stake in AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,500 shares during the last quarter. Macroview Investment Management LLC raised its holdings in AT&T by 144.3% during the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after acquiring an additional 1,595 shares during the period. Almanack Investment Partners LLC. bought a new stake in AT&T during the 1st quarter valued at $109,000. Sterling Investment Advisors Ltd. raised its holdings in AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in AT&T during the 2nd quarter valued at $134,000. Hedge funds and other institutional investors own 55.76% of the company’s stock.

AT&T Inc. (NYSE T) opened at $38.25 on Tuesday. The company has a market capitalization of $234,820.00, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.14 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70.

AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. equities analysts forecast that AT&T Inc. will post 2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.23%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio is presently 94.23%.

In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 target price on the stock. in a report on Friday, October 6th. Morgan Stanley boosted their target price on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. KeyCorp boosted their target price on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $42.58.

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AT&T Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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