Ferguson Wellman Capital Management Inc. Boosts Holdings in AT&T Inc. $T

Ferguson Wellman Capital Management Inc. raised its stake in AT&T Inc. (NYSE:T) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,550,679 shares of the technology company’s stock after acquiring an additional 35,302 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in AT&T were worth $43,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. J. L. Bainbridge & Co. Inc. grew its holdings in AT&T by 1.7% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after purchasing an additional 355 shares during the period. Financial & Tax Architects LLC lifted its position in shares of AT&T by 4.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after buying an additional 356 shares during the last quarter. Roberts Glore & Co. Inc. IL grew its stake in shares of AT&T by 2.0% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after acquiring an additional 357 shares during the period. Investment Partners LTD. increased its holdings in AT&T by 3.5% in the 2nd quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after acquiring an additional 357 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its stake in AT&T by 2.5% in the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.9%

Shares of NYSE:T opened at $24.19 on Friday. The firm has a fifty day moving average price of $24.92 and a two-hundred day moving average price of $26.81. The company has a market cap of $171.49 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.28 and a beta of 0.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a one year low of $21.38 and a one year high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal 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 dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

A number of equities analysts have weighed in on T shares. TD Cowen increased their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Scotiabank reissued a “sector perform” rating and set a $29.50 target price on shares of AT&T in a report on Wednesday. Arete downgraded AT&T from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.42.

About AT&T

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.