Intrepid Capital Management Inc. Buys 1,250 Shares of AT&T Inc. (NYSE:T)

Intrepid Capital Management Inc. grew its stake in AT&T Inc. (NYSE:T) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,839 shares of the technology company’s stock after acquiring an additional 1,250 shares during the period. Intrepid Capital Management Inc.’s holdings in AT&T were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Investmark Advisory Group LLC raised its stake in shares of AT&T by 2.7% in the third quarter. Investmark Advisory Group LLC now owns 139,057 shares of the technology company’s stock worth $3,059,000 after acquiring an additional 3,635 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of AT&T by 24.5% in the third quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company’s stock worth $15,413,000 after acquiring an additional 138,100 shares during the last quarter. Harmony Asset Management LLC bought a new position in shares of AT&T in the third quarter worth about $318,000. HighTower Advisors LLC raised its stake in shares of AT&T by 9.2% in the third quarter. HighTower Advisors LLC now owns 2,477,287 shares of the technology company’s stock worth $54,509,000 after acquiring an additional 208,775 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of AT&T by 4.8% during the third quarter. Hilltop Holdings Inc. now owns 155,214 shares of the technology company’s stock worth $3,415,000 after buying an additional 7,178 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Scotiabank downgraded shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays boosted their price target on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Evercore ISI boosted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Finally, New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.53.

AT&T Stock Up 4.7 %

Shares of AT&T stock traded up $1.07 on Tuesday, hitting $23.77. The company had a trading volume of 18,813,974 shares, compared to its average volume of 35,327,691. The firm has a market capitalization of $170.56 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.48 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. 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 stock has a 50-day moving average of $22.17 and a 200-day moving average of $20.17.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping 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 analysts’ expectations of $30.50 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.67%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is 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.