Ewa LLC Purchases 909 Shares of AT&T Inc. (NYSE:T)

Ewa LLC raised its position in AT&T Inc. (NYSE:T) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,786 shares of the technology company’s stock after buying an additional 909 shares during the quarter. Ewa LLC’s holdings in AT&T were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Nomura Asset Management Co. Ltd. boosted its stake in AT&T by 5.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,772,597 shares of the technology company’s stock worth $60,997,000 after buying an additional 135,491 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in AT&T by 6.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 46,354 shares of the technology company’s stock valued at $1,020,000 after acquiring an additional 2,854 shares during the period. Legacy Investment Solutions LLC purchased a new position in AT&T in the 3rd quarter worth approximately $25,000. XTX Topco Ltd bought a new position in shares of AT&T in the third quarter worth approximately $502,000. Finally, Zacks Investment Management grew its holdings in shares of AT&T by 10.8% in the third quarter. Zacks Investment Management now owns 3,140,620 shares of the technology company’s stock worth $69,094,000 after purchasing an additional 305,804 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $23.88 on Monday. The company has a 50-day moving average price of $22.36 and a 200-day moving average price of $20.39. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $171.35 billion, a P/E ratio of 19.41, a PEG ratio of 3.63 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.65%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is currently 90.24%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on T shares. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $22.00 target price on shares of AT&T in a report on Thursday, October 24th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $24.73.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.