180 Wealth Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,124 shares of the technology company’s stock after buying an additional 2,399 shares during the period. 180 Wealth Advisors LLC’s holdings in AT&T were worth $1,769,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. NWK Group Inc. acquired a new position in shares of AT&T during the second quarter worth approximately $65,000. Cerebellum GP LLC bought a new stake in shares of AT&T during the third quarter worth approximately $62,000. JJJ Advisors Inc. raised its stake in shares of AT&T by 212.3% during the second quarter. JJJ Advisors Inc. now owns 2,217 shares of the technology company’s stock worth $67,000 after buying an additional 1,507 shares during the last quarter. Provident Wealth Management LLC bought a new stake in shares of AT&T during the third quarter worth approximately $70,000. Finally, Litman Gregory Asset Management LLC raised its stake in shares of AT&T by 844.0% during the second quarter. Litman Gregory Asset Management LLC now owns 2,983 shares of the technology company’s stock worth $90,000 after buying an additional 2,667 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.
Shares of NYSE T traded down $0.56 during mid-day trading on Monday, reaching $27.26. 1,229,653 shares of the company were exchanged, compared to its average volume of 39,324,133. The company’s 50-day simple moving average is $28.47 and its 200-day simple moving average is $29.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $198.22 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.52 and a beta of 0.69. AT&T Inc. has a twelve month low of $26.08 and a twelve month high of $39.70.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 7.63%. The ex-dividend date is Thursday, October 8th. AT&T’s dividend payout ratio (DPR) is currently 58.26%.
T has been the subject of a number of recent research reports. Wolfe Research initiated coverage on shares of AT&T in a research note on Monday, October 19th. They set a “peer perform” rating and a $31.00 price target for the company. Barclays initiated coverage on shares of AT&T in a research note on Friday, October 2nd. They issued an “overweight” rating for the company. Oppenheimer reaffirmed a “buy” rating and issued a $38.00 target price on shares of AT&T in a research note on Thursday, October 1st. Royal Bank of Canada lowered their price objective on shares of AT&T from $32.00 to $30.00 in a research report on Monday. Finally, Bank of America reissued a “buy” rating and set a $36.00 price objective on shares of AT&T in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.58.
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.
Further Reading: How is an ETF different from a mutual fund?
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.