Csenge Advisory Group Purchases 31,935 Shares of AT&T Inc. $T

Csenge Advisory Group lifted its position in AT&T Inc. (NYSE:T) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,293 shares of the technology company’s stock after buying an additional 31,935 shares during the period. Csenge Advisory Group’s holdings in AT&T were worth $5,346,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Front Row Advisors LLC purchased a new position in AT&T in the second quarter worth $25,000. Mountain Hill Investment Partners Corp. boosted its position in shares of AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. Solstein Capital LLC grew its stake in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the last quarter. Kennebec Savings Bank increased its position in AT&T by 412.1% during the 2nd quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares in the last quarter. Finally, Curio Wealth LLC raised its stake in AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $23.50 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $21.98 and a twelve month high of $29.79. The company’s 50 day moving average is $24.80 and its 200 day moving average is $26.62. The company has a market cap of $166.60 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.39.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Morgan Stanley lowered their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Williams Trading set a $33.00 price target on shares of AT&T in a research note on Thursday, October 23rd. TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Loop Capital set a $29.00 price objective on shares of AT&T in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.36.

AT&T Company 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.