AT&T Inc. $T Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its position in shares of AT&T Inc. (NYSE:T) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 642,907 shares of the technology company’s stock after selling 21,545 shares during the quarter. Brookstone Capital Management’s holdings in AT&T were worth $18,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of T. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in AT&T by 2.8% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 246,388 shares of the technology company’s stock valued at $6,958,000 after buying an additional 6,724 shares during the period. Private Trust Co. NA increased its position in shares of AT&T by 12.1% in the third quarter. Private Trust Co. NA now owns 76,018 shares of the technology company’s stock worth $2,147,000 after acquiring an additional 8,199 shares in the last quarter. Symmetry Partners LLC increased its position in shares of AT&T by 4.8% in the third quarter. Symmetry Partners LLC now owns 29,922 shares of the technology company’s stock worth $845,000 after acquiring an additional 1,377 shares in the last quarter. Chatham Capital Group Inc. raised its stake in shares of AT&T by 5.3% in the 3rd quarter. Chatham Capital Group Inc. now owns 16,824 shares of the technology company’s stock valued at $475,000 after acquiring an additional 850 shares during the period. Finally, Swedbank AB lifted its holdings in shares of AT&T by 0.6% during the 3rd quarter. Swedbank AB now owns 3,450,014 shares of the technology company’s stock valued at $97,428,000 after acquiring an additional 18,884 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE T opened at $24.60 on Thursday. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79. The stock has a market capitalization of $174.40 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.43 and a beta of 0.38. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average price is $25.13 and its two-hundred day moving average price is $27.07.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is 36.04%.

Analyst Ratings Changes

T has been the subject of several analyst reports. Citigroup decreased their target price on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Monday. Raymond James Financial reissued a “strong-buy” rating and set a $33.00 price target (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Royal Bank Of Canada lowered their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Loop Capital set a $29.00 target price on shares of AT&T in a research report on Friday, December 19th. Finally, TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $30.24.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.