AT&T Inc. (T) Holdings Lifted by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 45.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,947 shares of the technology company’s stock after buying an additional 3,090 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in AT&T were worth $334,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ibex Wealth Advisors lifted its position in AT&T by 0.8% in the 3rd quarter. Ibex Wealth Advisors now owns 198,405 shares of the technology company’s stock worth $6,644,000 after buying an additional 1,493 shares during the last quarter. SSI Investment Management Inc. lifted its position in AT&T by 10.0% in the 2nd quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock worth $549,000 after buying an additional 1,553 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in AT&T by 1.7% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock worth $3,059,000 after buying an additional 1,553 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in AT&T by 27.0% in the 2nd quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock worth $235,000 after buying an additional 1,560 shares during the last quarter. Finally, Endurance Wealth Management Inc. lifted its position in AT&T by 7.5% in the 2nd quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock worth $728,000 after buying an additional 1,572 shares during the last quarter. 63.31% of the stock is owned by institutional investors and hedge funds.

Shares of T stock opened at $29.45 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. AT&T Inc. has a fifty-two week low of $26.80 and a fifty-two week high of $37.81. The company has a market capitalization of $181.90 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 1.25 and a beta of 0.54.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The firm had revenue of $47.99 billion during the quarter, compared to the consensus estimate of $48.50 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 3.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Thursday, January 10th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 6.93%. AT&T’s payout ratio is 57.95%.

In other news, CEO John T. Stankey sold 3,748 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Geoffrey Y. Yang bought 33,558 shares of AT&T stock in a transaction dated Monday, February 4th. The shares were acquired at an average cost of $29.79 per share, for a total transaction of $999,692.82. Following the completion of the purchase, the director now directly owns 5,402 shares of the company’s stock, valued at approximately $160,925.58. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

A number of analysts recently weighed in on T shares. Bank of America restated a “buy” rating and issued a $37.00 target price on shares of AT&T in a research report on Friday, December 14th. Cowen restated a “buy” rating and issued a $35.00 target price on shares of AT&T in a research report on Thursday, January 31st. Argus restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research report on Friday, October 26th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 target price for the company in a research report on Sunday, December 9th. Finally, Citigroup upgraded AT&T from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. AT&T has an average rating of “Buy” and a consensus price target of $35.89.

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AT&T Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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