Strategic Advisors LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 11.1% during the third quarter, Holdings Channel reports. The fund owned 85,702 shares of the company’s stock after buying an additional 8,568 shares during the period. AT&T makes up approximately 1.9% of Strategic Advisors LLC’s holdings, making the stock its 9th largest position. Strategic Advisors LLC’s holdings in AT&T were worth $3,480,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of T. Proficio Capital Partners LLC raised its position in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners raised its position in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC raised its position in AT&T by 3.8% in the third quarter. WealthTrust Arizona LLC now owns 2,712 shares of the company’s stock valued at $110,000 after buying an additional 100 shares in the last quarter. Wealthcare Capital Management LLC bought a new position in AT&T during the second quarter valued at about $117,000. Finally, Invictus RG raised its position in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 52.95% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.84% on Monday, hitting $39.54. The company’s stock had a trading volume of 26,656,518 shares. The stock has a market cap of $242.82 billion, a PE ratio of 16.82 and a beta of 0.35. AT&T Inc. has a 12 month low of $33.01 and a 12 month high of $43.89. The firm has a 50 day moving average of $37.67 and a 200-day moving average of $40.24.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 10th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.90%. AT&T’s payout ratio is 81.70%.
Several research analysts have issued reports on the company. Pacific Crest reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, September 7th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of AT&T in a research note on Tuesday, November 8th. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $40.71 price objective for the company in a research note on Thursday, October 20th. Independent Research GmbH upgraded AT&T from a “sell” rating to a “hold” rating and increased their price objective for the stock from $36.00 to $39.00 in a research note on Wednesday, October 26th. Finally, Barclays PLC lowered AT&T from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $45.00 to $39.00 in a research note on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.24.
In other AT&T news, Director Geoffrey Y. Yang bought 27,129 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were bought at an average price of $36.91 per share, for a total transaction of $1,001,331.39. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.07% of the company’s stock.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.