AT&T Inc. (NYSE:T) Shares Acquired by Golub Group LLC

Golub Group LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 3.7% during the third quarter, HoldingsChannel reports. The fund owned 71,157 shares of the technology company’s stock after acquiring an additional 2,560 shares during the quarter. Golub Group LLC’s holdings in AT&T were worth $2,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Grimes & Company Inc. grew its position in AT&T by 0.9% during the second quarter. Grimes & Company Inc. now owns 33,782 shares of the technology company’s stock worth $1,132,000 after buying an additional 294 shares during the period. Interactive Financial Advisors grew its position in AT&T by 16.7% during the second quarter. Interactive Financial Advisors now owns 2,100 shares of the technology company’s stock worth $70,000 after buying an additional 300 shares during the period. D.B. Root & Company LLC grew its position in AT&T by 0.9% during the third quarter. D.B. Root & Company LLC now owns 34,925 shares of the technology company’s stock worth $1,321,000 after buying an additional 303 shares during the period. Donald L. Hagan LLC grew its position in AT&T by 1.5% during the third quarter. Donald L. Hagan LLC now owns 20,988 shares of the technology company’s stock worth $793,000 after buying an additional 304 shares during the period. Finally, Berkshire Money Management Inc. grew its position in AT&T by 3.2% during the second quarter. Berkshire Money Management Inc. now owns 9,891 shares of the technology company’s stock worth $331,000 after buying an additional 305 shares during the period. Institutional investors and hedge funds own 52.94% of the company’s stock.

T has been the topic of several recent analyst reports. ValuEngine lowered shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their target price on shares of AT&T from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday. Sanford C. Bernstein initiated coverage on shares of AT&T in a research report on Tuesday, October 15th. They set a “market perform” rating and a $36.00 target price on the stock. Cowen set a $40.00 target price on shares of AT&T and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, UBS Group upped their target price on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. AT&T currently has an average rating of “Hold” and a consensus price target of $40.74.

Shares of NYSE T traded down $0.04 on Friday, hitting $39.38. The company’s stock had a trading volume of 18,270,257 shares, compared to its average volume of 30,604,307. AT&T Inc. has a 12-month low of $26.80 and a 12-month high of $39.58. The company has a market capitalization of $287.75 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.74 and a quick ratio of 0.71. The stock has a 50 day moving average of $37.87 and a 200-day moving average of $34.45.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The company had revenue of $44.59 billion for the quarter, compared to the consensus estimate of $45.45 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 3.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Wednesday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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