AT&T Inc. (NYSE:T) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,874 shares of the technology company’s stock after acquiring an additional 42,635 shares during the quarter. Tectonic Advisors LLC’s holdings in AT&T were worth $8,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of T. Hayek Kallen Investment Management grew its holdings in AT&T by 0.8% during the third quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock worth $1,326,000 after acquiring an additional 500 shares during the period. Octavia Wealth Advisors LLC boosted its position in AT&T by 2.1% during the second quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock worth $484,000 after purchasing an additional 519 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its position in AT&T by 2.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after purchasing an additional 521 shares in the last quarter. WealthCare Investment Partners LLC boosted its position in AT&T by 2.2% during the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after purchasing an additional 525 shares in the last quarter. Finally, Little House Capital LLC boosted its position in AT&T by 4.8% during the third quarter. Little House Capital LLC now owns 11,619 shares of the technology company’s stock worth $256,000 after purchasing an additional 537 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. The Goldman Sachs Group began coverage on AT&T in a research report on Monday, July 1st. They issued a “buy” rating and a $22.00 price objective on the stock. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Moffett Nathanson upped their price objective on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

AT&T Stock Performance

Shares of NYSE:T opened at $22.19 on Friday. The firm has a market capitalization of $159.11 billion, a PE ratio of 12.75, a P/E/G ratio of 3.67 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The business has a 50-day moving average of $21.09 and a two-hundred day moving average of $19.06. AT&T Inc. has a 12 month low of $14.74 and a 12 month high of $22.58.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, research analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.00%. AT&T’s payout ratio is currently 63.79%.

About AT&T

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.