CapWealth Advisors LLC Has $14.63 Million Stock Position in AT&T Inc. $T

CapWealth Advisors LLC increased its stake in AT&T Inc. (NYSE:T) by 3,242.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 518,055 shares of the technology company’s stock after buying an additional 502,555 shares during the quarter. CapWealth Advisors LLC’s holdings in AT&T were worth $14,630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Front Row Advisors LLC acquired a new stake in AT&T in the second quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in shares of AT&T in the 2nd quarter valued at about $26,000. Kennebec Savings Bank raised its holdings in shares of AT&T by 412.1% in the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Solstein Capital LLC lifted its stake in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the last quarter. Finally, Curio Wealth LLC lifted its stake in AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 0.3%

T stock opened at $24.88 on Friday. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The stock has a market capitalization of $176.39 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 1.45 and a beta of 0.39. The business’s fifty day moving average price is $25.01 and its two-hundred day moving average price is $26.93.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. AT&T’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on T. Loop Capital set a $29.00 price target on AT&T in a research report on Friday, December 19th. Williams Trading set a $33.00 target price on AT&T in a research note on Thursday, October 23rd. Sanford C. Bernstein increased their price target on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Wolfe Research downgraded AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Finally, Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.