10,404 Shares in AT&T Inc. (NYSE:T) Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the 3rd quarter, Holdings Channel.com reports. The firm bought 10,404 shares of the technology company’s stock, valued at approximately $229,000.

Several other institutional investors also recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. lifted 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 worth $27,000 after buying an additional 1,116 shares during the last quarter. American Capital Advisory LLC lifted its position in AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the last quarter. Reston Wealth Management LLC bought a new stake in AT&T during the third quarter valued at about $35,000. Altshuler Shaham Ltd bought a new stake in AT&T during the second quarter valued at about $30,000. Finally, Marquette Asset Management LLC bought a new position in shares of AT&T in the third quarter worth about $36,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 1.2 %

Shares of NYSE T opened at $22.32 on Thursday. AT&T Inc. has a 52-week low of $15.46 and a 52-week high of $22.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The business has a fifty day moving average of $21.61 and a two-hundred day moving average of $19.46. The stock has a market cap of $160.15 billion, a PE ratio of 18.15, a PEG ratio of 3.29 and a beta of 0.59.

AT&T (NYSE:T) last announced 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. The business had revenue of $30.20 billion during 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%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on T shares. Tigress Financial raised their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 price objective on shares of AT&T in a research note on Thursday, October 24th. Wells Fargo & Company cut their target price 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. Barclays raised their price target on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AT&T 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.