AT&T Inc. (T) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,120 shares of the technology company’s stock after purchasing an additional 2,766 shares during the period. AT&T accounts for 1.3% of Capital Investment Advisory Services LLC’s investment portfolio, making the stock its 17th biggest holding. Capital Investment Advisory Services LLC’s holdings in AT&T were worth $2,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bath Savings Trust Co grew its stake in AT&T by 1.4% in the 2nd quarter. Bath Savings Trust Co now owns 75,633 shares of the technology company’s stock valued at $2,854,000 after buying an additional 1,034 shares in the last quarter. McQueen Ball & Associates Inc. grew its stake in AT&T by 2.7% in the 2nd quarter. McQueen Ball & Associates Inc. now owns 74,081 shares of the technology company’s stock valued at $2,795,000 after buying an additional 1,970 shares in the last quarter. Private Asset Management Inc. grew its stake in AT&T by 15.4% in the 2nd quarter. Private Asset Management Inc. now owns 380,861 shares of the technology company’s stock valued at $14,370,000 after buying an additional 50,740 shares in the last quarter. Hefty Wealth Partners grew its stake in AT&T by 799.7% in the 2nd quarter. Hefty Wealth Partners now owns 18,416 shares of the technology company’s stock valued at $694,000 after buying an additional 16,369 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its stake in AT&T by 41.8% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 39,184 shares of the technology company’s stock valued at $1,479,000 after buying an additional 11,547 shares in the last quarter. Institutional investors own 55.76% of the company’s stock.

Shares of AT&T Inc. (NYSE T) opened at $36.48 on Friday. AT&T Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $42.70. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market cap of $223,950.00, a price-to-earnings ratio of 17.54, a PEG ratio of 3.14 and a beta of 0.44.

AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. research analysts predict that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. This is an increase from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Tuesday, January 9th. AT&T’s payout ratio is currently 96.15%.

Several brokerages have commented on T. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 11th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target for the company. in a report on Friday, October 6th. Standpoint Research began coverage on shares of AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target for the company. Citigroup raised their price target on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $51.00 price target on shares of AT&T in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.59.

In related news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

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About AT&T

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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