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

Catalyst Capital Advisors LLC boosted its holdings in AT&T Inc. (NYSE:T) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,902 shares of the technology company’s stock after buying an additional 2,602 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in AT&T were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Davidson Kempner Capital Management LP purchased a new position in AT&T during the 2nd quarter worth approximately $23,888,000. Talbot Financial LLC purchased a new position in AT&T during the 3rd quarter worth approximately $7,438,000. Mackenzie Financial Corp grew its position in AT&T by 12.2% during the 2nd quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock worth $50,486,000 after purchasing an additional 288,093 shares in the last quarter. DRW Securities LLC grew its position in AT&T by 642.2% during the 2nd quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock worth $1,997,000 after purchasing an additional 90,255 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in AT&T by 4.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock worth $19,827,000 after purchasing an additional 43,062 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.9 %

AT&T stock opened at $21.92 on Tuesday. The firm has a market cap of $157.28 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 3.32 and a beta of 0.59. The firm has a fifty day moving average price of $21.51 and a two-hundred day moving average price of $19.40. AT&T Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $22.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 5.06%. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on T shares. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Oppenheimer boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen boosted their price target on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Tigress Financial boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Barclays boosted their price target on shares of AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $23.40.

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.