AT&T Inc. (NYSE:T) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management raised its position in shares of AT&T Inc. (NYSE:T) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 793,140 shares of the technology company’s stock after acquiring an additional 6,966 shares during the quarter. Brookstone Capital Management’s holdings in AT&T were worth $17,449,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in T. Octavia Wealth Advisors LLC grew its stake in shares of AT&T by 2.1% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after buying an additional 519 shares during the period. Carolinas Wealth Consulting LLC grew its stake in shares of AT&T by 2.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock valued at $452,000 after buying an additional 521 shares during the period. WealthCare Investment Partners LLC boosted its position in AT&T by 2.2% during the 2nd quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after purchasing an additional 525 shares during the period. Integral Investment Advisors Inc. boosted its position in AT&T by 3.2% during the 2nd quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock worth $322,000 after purchasing an additional 538 shares during the period. Finally, Financial Counselors Inc. boosted its position in AT&T by 0.6% during the 2nd quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $21.87 on Wednesday. The business’s 50 day moving average is $20.53 and its 200-day moving average is $18.71. The stock has a market cap of $156.81 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.78 and a beta of 0.60. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T Inc. has a twelve month low of $14.23 and a twelve month high of $22.34.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.08%. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of analysts recently weighed in on T shares. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Daiwa America raised shares of AT&T to a “hold” rating in a research report on Friday, July 26th. UBS Group reissued a “buy” rating and issued a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. JPMorgan Chase & Co. lifted their target price on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Citigroup lifted their target price on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.38.

AT&T Company Profile

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.