AT&T Inc. $T Shares Acquired by CapWealth Advisors LLC

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

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of AT&T by 3.5% in the second quarter. Assenagon Asset Management S.A. now owns 306,856 shares of the technology company’s stock worth $8,880,000 after buying an additional 10,485 shares during the period. AdvisorNet Financial Inc increased its position in shares of AT&T by 13.3% in the second quarter. AdvisorNet Financial Inc now owns 26,743 shares of the technology company’s stock worth $774,000 after acquiring an additional 3,130 shares in the last quarter. Forte Capital LLC ADV raised its holdings in shares of AT&T by 2.9% during the second quarter. Forte Capital LLC ADV now owns 21,770 shares of the technology company’s stock valued at $630,000 after acquiring an additional 614 shares during the period. Finally, Cranbrook Wealth Management LLC raised its holdings in shares of AT&T by 22.4% during the second quarter. Cranbrook Wealth Management LLC now owns 5,340 shares of the technology company’s stock valued at $155,000 after acquiring an additional 978 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.2%

Shares of T stock opened at $23.50 on Thursday. The stock has a market cap of $166.60 billion, a price-to-earnings ratio of 7.63, a P/E/G ratio of 1.28 and a beta of 0.39. The firm has a fifty day moving average of $24.70 and a 200-day moving average of $26.50. AT&T Inc. has a 52-week low of $22.02 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate 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 net margin of 17.87% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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 given a $0.2775 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s payout ratio is presently 36.04%.

Analyst Upgrades and Downgrades

T has been the subject of a number of research reports. Sanford C. Bernstein cut their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Scotiabank reiterated a “sector perform” rating and set a $29.50 price objective on shares of AT&T in a report on Wednesday, January 7th. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Barclays dropped their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

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.