AT&T Inc. (NYSE:T) Shares Bought by Cable Hill Partners LLC

Cable Hill Partners LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 11.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,942 shares of the technology company’s stock after purchasing an additional 1,929 shares during the quarter. Cable Hill Partners LLC’s holdings in AT&T were worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its stake in shares of AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after buying an additional 1,116 shares in the last quarter. American Capital Advisory LLC boosted its holdings in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the period. Reston Wealth Management LLC purchased a new position in AT&T in the 3rd quarter worth approximately $35,000. Altshuler Shaham Ltd acquired a new stake in AT&T in the second quarter valued at approximately $30,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of AT&T during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on T. Citigroup upped their target price on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. TD Cowen increased their price target on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Finally, Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.40.

AT&T Trading Up 0.7 %

NYSE T opened at $22.30 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a one year low of $15.52 and a one year high of $22.73. The company has a 50-day simple moving average of $21.79 and a 200-day simple moving average of $19.63. The firm has a market capitalization of $160.01 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during 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%. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given 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 dividend payout ratio is presently 90.24%.

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.