CX Institutional Has $6.35 Million Stock Holdings in AT&T Inc. (NYSE:T)

CX Institutional boosted its position in AT&T Inc. (NYSE:T) by 802.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 288,802 shares of the technology company’s stock after purchasing an additional 256,785 shares during the period. CX Institutional’s holdings in AT&T were worth $6,354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Octavia Wealth Advisors LLC lifted its stake in AT&T by 2.1% in the second quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after purchasing an additional 519 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in AT&T by 2.3% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock valued at $452,000 after acquiring an additional 521 shares during the period. WealthCare Investment Partners LLC lifted its holdings 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 valued at $461,000 after purchasing an additional 525 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in AT&T by 3.2% during the second quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock worth $322,000 after purchasing an additional 538 shares during the period. Finally, Financial Counselors Inc. boosted its position in AT&T by 0.6% during the second quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 539 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $21.26 on Tuesday. The company has a market capitalization of $152.44 billion, a P/E ratio of 11.43, a P/E/G ratio of 3.62 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. AT&T Inc. has a 52-week low of $14.23 and a 52-week high of $22.34. The company has a fifty day moving average of $20.76 and a 200-day moving average of $18.86.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.22%. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on T. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Scotiabank cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Citigroup lifted their price target on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company increased their price objective on AT&T from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.69.

AT&T 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.