Segall Bryant & Hamill LLC Invests $1.03 Million in AT&T Inc. (NYSE:T)

Segall Bryant & Hamill LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 46,809 shares of the technology company’s stock, valued at approximately $1,030,000.

Several other large investors also recently modified their holdings of T. Davidson Kempner Capital Management LP purchased a new position in AT&T in the 2nd quarter valued at approximately $23,888,000. Swiss National Bank grew its stake in AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after buying an additional 104,700 shares in the last quarter. Caprock Group LLC grew its stake in AT&T by 18.3% in the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after buying an additional 30,281 shares in the last quarter. Talbot Financial LLC purchased a new position in AT&T in the 3rd quarter valued at approximately $7,438,000. Finally, Mackenzie Financial Corp boosted its holdings in AT&T by 12.2% in the 2nd quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock valued at $50,486,000 after purchasing an additional 288,093 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on T shares. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Oppenheimer raised their price target on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Moffett Nathanson raised their price target on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Barclays raised their price target on shares of AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $23.40.

AT&T Price Performance

Shares of NYSE:T opened at $23.18 on Friday. The stock has a market cap of $166.32 billion, a PE ratio of 18.85, a PEG ratio of 3.45 and a beta of 0.59. The company’s fifty day moving average is $22.02 and its 200 day moving average is $19.94. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $23.29. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Research analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

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.