AT&T Inc. (NYSE:T) Shares Acquired by Apella Capital LLC

Apella Capital LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,346 shares of the technology company’s stock after purchasing an additional 5,061 shares during the period. Apella Capital LLC’s holdings in AT&T were worth $651,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in T. Riggs Asset Managment Co. Inc. lifted its stake in shares of AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,116 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of AT&T in the 4th quarter valued at about $25,000. American Capital Advisory LLC grew its holdings in shares of AT&T by 107.5% during the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in AT&T in the second quarter worth $30,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in AT&T by 176.6% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock valued at $35,000 after buying an additional 1,192 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on T. JPMorgan Chase & Co. boosted their price target on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. The Goldman Sachs Group started coverage on AT&T in a report on Monday, July 1st. They issued a “buy” rating and a $22.00 price target on the stock. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research report on Tuesday. Moffett Nathanson upped their price target on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Finally, Citigroup raised their price target on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.38.

AT&T Price Performance

AT&T stock traded down $0.14 during mid-day trading on Friday, reaching $21.91. The company had a trading volume of 24,545,359 shares, compared to its average volume of 35,977,004. The company has a market cap of $157.10 billion, a P/E ratio of 11.78, a P/E/G ratio of 3.75 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $22.34. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $18.66.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend payout ratio is presently 59.68%.

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.