Vertex Planning Partners LLC Invests $243,000 in AT&T Inc. (NYSE:T)

Vertex Planning Partners LLC acquired a new stake in AT&T Inc. (NYSE:T) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,023 shares of the technology company’s stock, valued at approximately $243,000.

Several other large investors also recently bought and sold shares of T. Caprock Group LLC increased its position in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after acquiring an additional 30,281 shares during the last quarter. Aviance Capital Partners LLC grew its stake in AT&T by 2.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 24,389 shares of the technology company’s stock valued at $537,000 after purchasing an additional 501 shares in the last quarter. Windle Wealth LLC increased its holdings in AT&T by 2.0% during the 3rd quarter. Windle Wealth LLC now owns 377,382 shares of the technology company’s stock worth $8,302,000 after purchasing an additional 7,477 shares during the last quarter. New England Asset Management Inc. raised its position in shares of AT&T by 24.5% in the 3rd quarter. New England Asset Management Inc. now owns 315,940 shares of the technology company’s stock valued at $6,951,000 after purchasing an additional 62,075 shares in the last quarter. Finally, Joseph Group Capital Management boosted its stake in shares of AT&T by 4.5% during the 3rd quarter. Joseph Group Capital Management now owns 186,976 shares of the technology company’s stock valued at $4,113,000 after buying an additional 7,991 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $22.99 on Tuesday. The firm has a market capitalization of $164.96 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The stock’s fifty day moving average is $21.92 and its 200-day moving average is $19.79. AT&T Inc. has a one year low of $15.85 and a one year high of $23.20. 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 (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm 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%. AT&T’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. Equities analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

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

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research note on Monday, September 16th. Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price target on shares of AT&T in a research report on Thursday, October 24th. Finally, Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One equities 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 given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.