AT&T Inc. (NYSE:T) Shares Bought by Taylor Hoffman Wealth Management

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Taylor Hoffman Wealth Management increased its holdings in AT&T Inc. (NYSE:T) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,952 shares of the technology company’s stock after buying an additional 589 shares during the period. Taylor Hoffman Wealth Management’s holdings in AT&T were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of AT&T by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 563,398,685 shares of the technology company’s stock worth $18,879,489,000 after purchasing an additional 6,744,699 shares during the period. Northern Trust Corp lifted its position in shares of AT&T by 2.0% during the 2nd quarter. Northern Trust Corp now owns 86,817,291 shares of the technology company’s stock valued at $2,909,247,000 after buying an additional 1,729,145 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AT&T by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 68,529,809 shares of the technology company’s stock valued at $2,296,433,000 after buying an additional 2,201,538 shares in the last quarter. Morgan Stanley lifted its position in shares of AT&T by 11.2% during the 2nd quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock valued at $1,979,052,000 after buying an additional 5,931,167 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of AT&T by 1,723.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock valued at $1,543,169,000 after buying an additional 43,525,113 shares in the last quarter. Institutional investors own 52.94% of the company’s stock.

Shares of NYSE T traded down $0.04 during trading on Friday, hitting $39.38. 18,270,257 shares of the company were exchanged, 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 debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.74. The company has a fifty day moving average price of $37.87 and a 200-day moving average price of $34.45. The firm has a market capitalization of $287.75 billion, a PE ratio of 11.19, a P/E/G ratio of 2.47 and a beta of 0.64.

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

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

A number of brokerages have recently issued reports on T. Barclays increased their target price on AT&T from $31.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on AT&T from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Bank of America reiterated a “buy” rating on shares of AT&T in a research report on Monday, September 9th. Desjardins reiterated an “average” rating and set a $55.50 target price on shares of AT&T in a research report on Tuesday, August 6th. Finally, SunTrust Banks raised their price objective on AT&T to $36.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average price target of $40.74.

AT&T Company Profile

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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