Leo Wealth LLC Acquires 3,522 Shares of AT&T Inc. (NYSE:T)

Leo Wealth LLC lifted its stake in AT&T Inc. (NYSE:T) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,587 shares of the technology company’s stock after buying an additional 3,522 shares during the period. Leo Wealth LLC’s holdings in AT&T were worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in T. Sequoia Financial Advisors LLC grew its stake in AT&T by 45.8% during the third quarter. Sequoia Financial Advisors LLC now owns 247,992 shares of the technology company’s stock worth $5,456,000 after buying an additional 77,849 shares in the last quarter. Vicus Capital lifted its holdings in shares of AT&T by 19.9% during the 3rd quarter. Vicus Capital now owns 46,485 shares of the technology company’s stock worth $1,023,000 after acquiring an additional 7,714 shares during the period. Kessler Investment Group LLC acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $428,000. Fortis Group Advisors LLC increased its stake in AT&T by 13.0% in the third quarter. Fortis Group Advisors LLC now owns 50,963 shares of the technology company’s stock valued at $1,121,000 after acquiring an additional 5,880 shares during the last quarter. Finally, Calton & Associates Inc. raised its position in AT&T by 53.2% during the third quarter. Calton & Associates Inc. now owns 56,181 shares of the technology company’s stock valued at $1,236,000 after purchasing an additional 19,498 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.8 %

NYSE T traded down $0.18 during trading hours on Tuesday, hitting $21.48. 28,613,555 shares of the company’s stock were exchanged, compared to its average volume of 35,474,922. The firm has a market cap of $154.02 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.73 and a beta of 0.60. The stock has a 50-day simple moving average of $20.99 and a 200 day simple moving average of $19.01. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1-year low of $14.74 and a 1-year high of $22.34.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.2775 per share. 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 5.17%. AT&T’s dividend payout ratio (DPR) is presently 63.79%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore ISI raised their target price on AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Redburn Atlantic raised AT&T to a “strong sell” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.