Private Wealth Advisors LLC Has $3.71 Million Stock Holdings in AT&T Inc. (NYSE:T)

Private Wealth Advisors LLC decreased its stake in AT&T Inc. (NYSE:T) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 167,415 shares of the technology company’s stock after selling 2,846 shares during the quarter. AT&T makes up 1.4% of Private Wealth Advisors LLC’s holdings, making the stock its 24th largest holding. Private Wealth Advisors LLC’s holdings in AT&T were worth $3,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of T. Mercer Global Advisors Inc. ADV increased its stake in shares of AT&T by 1,379.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company’s stock worth $270,581,000 after purchasing an additional 13,201,774 shares during the last quarter. AQR Capital Management LLC increased its position in AT&T by 43.3% during the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock worth $414,563,000 after buying an additional 6,602,586 shares during the last quarter. Bank of New York Mellon Corp raised its stake in AT&T by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock valued at $1,549,375,000 after buying an additional 5,592,123 shares during the period. Thornburg Investment Management Inc. lifted its position in shares of AT&T by 22.0% in the second quarter. Thornburg Investment Management Inc. now owns 24,988,396 shares of the technology company’s stock valued at $477,528,000 after buying an additional 4,511,725 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of AT&T during the 2nd quarter worth approximately $78,570,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on T. Evercore ISI increased their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Tigress Financial lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Oppenheimer boosted their price objective on AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.40.

AT&T Price Performance

AT&T stock traded down $0.39 during trading hours on Tuesday, reaching $21.92. 10,993,356 shares of the stock were exchanged, compared to its average volume of 35,458,105. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a twelve month low of $15.51 and a twelve month high of $22.73. The company has a market cap of $157.28 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The stock has a 50 day moving average of $21.75 and a two-hundred day moving average of $19.60.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

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

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.