AT&T Inc. (NYSE:T) Shares Bought by GoalVest Advisory LLC

GoalVest Advisory LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 2.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,465 shares of the technology company’s stock after purchasing an additional 2,162 shares during the quarter. GoalVest Advisory LLC’s holdings in AT&T were worth $1,770,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Socha Financial Group LLC boosted its position in shares of AT&T by 2.5% in the 3rd quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock valued at $415,000 after purchasing an additional 461 shares during the period. Essex Savings Bank boosted its position in shares of AT&T by 2.3% in the 3rd quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock valued at $476,000 after purchasing an additional 480 shares during the period. Hayek Kallen Investment Management boosted its position in AT&T by 0.8% during the 3rd 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. Lake Street Advisors Group LLC boosted its position in AT&T by 0.7% during the 3rd quarter. Lake Street Advisors Group LLC now owns 73,562 shares of the technology company’s stock worth $1,618,000 after acquiring an additional 513 shares during the period. Finally, Spinnaker Trust boosted its position in AT&T by 0.4% during the 3rd quarter. Spinnaker Trust now owns 124,593 shares of the technology company’s stock worth $2,741,000 after acquiring an additional 515 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.9 %

Shares of T stock opened at $22.68 on Friday. The stock’s 50 day simple moving average is $21.89 and its 200 day simple moving average is $19.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a twelve month low of $15.75 and a twelve month high of $22.75. The company has a market capitalization of $162.74 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 3.40 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data 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. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the business earned $0.64 EPS. The firm’s revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date was Thursday, October 10th. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on T. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Moffett Nathanson raised their price objective on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Barclays raised their price objective on AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of AT&T in a research report on Thursday, October 24th. Finally, Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

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.