Great Valley Advisor Group Inc. Has $1.48 Million Stock Position in AT&T Inc. (NYSE:T)

Great Valley Advisor Group Inc. grew its position in AT&T Inc. (NYSE:T) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,954 shares of the technology company’s stock after buying an additional 3,578 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in AT&T were worth $1,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in T. NWK Group Inc. bought a new stake in shares of AT&T during the 2nd quarter valued at $65,000. Cerebellum GP LLC bought a new position in shares of AT&T in the 3rd quarter worth approximately $62,000. JJJ Advisors Inc. raised its position in shares of AT&T by 212.3% in the 2nd quarter. JJJ Advisors Inc. now owns 2,217 shares of the technology company’s stock worth $67,000 after acquiring an additional 1,507 shares in the last quarter. Provident Wealth Management LLC bought a new position in AT&T during the 3rd quarter valued at approximately $70,000. Finally, Litman Gregory Asset Management LLC increased its holdings in shares of AT&T by 844.0% in the 2nd quarter. Litman Gregory Asset Management LLC now owns 2,983 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,667 shares in the last quarter. Institutional investors own 52.29% of the company’s stock.

Shares of NYSE:T opened at $27.82 on Friday. AT&T Inc. has a 1 year low of $26.08 and a 1 year high of $39.70. The business has a 50 day simple moving average of $28.47 and a two-hundred day simple moving average of $29.69. The firm has a market capitalization of $191.52 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.81.

AT&T (NYSE:T) last announced its earnings results on Thursday, October 22nd. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). AT&T had a net margin of 6.84% and a return on equity of 13.03%. The business had revenue of $42.43 billion for the quarter, compared to analysts’ expectations of $41.66 billion. During the same quarter last year, the firm earned $0.94 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 3.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $2.08 annualized dividend and a dividend yield of 7.48%. AT&T’s dividend payout ratio (DPR) is presently 58.26%.

Several brokerages have recently commented on T. Oppenheimer restated a “buy” rating and issued a $38.00 price objective on shares of AT&T in a research report on Thursday, October 1st. KeyCorp downgraded AT&T from a “sector weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a research report on Monday, October 5th. Morgan Stanley lowered their price objective on AT&T from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Barclays began coverage on AT&T in a report on Friday, October 2nd. They issued an “overweight” rating on the stock. Finally, Wolfe Research began coverage on AT&T in a report on Monday, October 19th. They issued a “peer perform” rating and a $31.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. AT&T presently has an average rating of “Hold” and a consensus target price of $33.38.

AT&T 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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