Windle Wealth LLC Raises Stake in AT&T Inc. (NYSE:T)

Windle Wealth LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 377,382 shares of the technology company’s stock after buying an additional 7,477 shares during the period. AT&T comprises 4.5% of Windle Wealth LLC’s investment portfolio, making the stock its 7th largest holding. Windle Wealth LLC’s holdings in AT&T were worth $8,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strategic Financial Concepts LLC lifted its holdings in AT&T by 227.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after purchasing an additional 91,578 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,116 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. American Capital Advisory LLC raised its stake in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after purchasing an additional 807 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in AT&T in the second quarter valued at $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. Oppenheimer increased their target price on AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Daiwa America upgraded AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

AT&T Stock Performance

NYSE:T opened at $22.99 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The business has a fifty day simple moving average of $21.92 and a two-hundred day simple moving average of $19.79. AT&T Inc. has a 1 year low of $15.85 and a 1 year high of $23.20. The company has a market capitalization of $164.96 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.40 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.