Tradewinds LLC. Makes New $1.04 Million Investment in AT&T Inc. $T

Tradewinds LLC. acquired a new position in shares of AT&T Inc. (NYSE:T) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,803 shares of the technology company’s stock, valued at approximately $1,039,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of T. Brighton Jones LLC lifted its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of AT&T by 33.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,888 shares of the technology company’s stock worth $84,000 after acquiring an additional 726 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of AT&T by 3.5% during the second quarter. Assenagon Asset Management S.A. now owns 306,856 shares of the technology company’s stock valued at $8,880,000 after acquiring an additional 10,485 shares during the period. UMB Bank n.a. raised its holdings in AT&T by 2.5% during the second quarter. UMB Bank n.a. now owns 184,342 shares of the technology company’s stock worth $5,335,000 after purchasing an additional 4,566 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of AT&T by 13.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 173,557 shares of the technology company’s stock worth $5,023,000 after purchasing an additional 20,714 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Williams Trading set a $33.00 price objective on shares of AT&T in a research report on Thursday, October 23rd. Arete downgraded AT&T from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a report on Tuesday, January 6th. Wells Fargo & Company reduced their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Loop Capital set a $29.00 target price on AT&T in a research note on Friday, December 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.36.

AT&T Stock Performance

Shares of NYSE T opened at $23.50 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. AT&T Inc. has a one year low of $21.98 and a one year high of $29.79. The business’s 50-day moving average price is $24.80 and its two-hundred day moving average price is $26.59. The company has a market capitalization of $166.60 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 1.28 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s payout ratio is currently 36.04%.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.