Diversified Trust Co Boosts Stock Position in AT&T Inc. (NYSE:T)

Diversified Trust Co lifted its position in shares of AT&T Inc. (NYSE:T) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,227 shares of the technology company’s stock after buying an additional 19,255 shares during the period. Diversified Trust Co’s holdings in AT&T were worth $3,723,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of T. Octavia Wealth Advisors LLC increased its holdings in AT&T by 2.1% in the second quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after buying an additional 519 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its stake in AT&T by 2.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after purchasing an additional 521 shares during the last quarter. WealthCare Investment Partners LLC boosted its holdings in AT&T by 2.2% in the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock valued at $461,000 after purchasing an additional 525 shares in the last quarter. Integral Investment Advisors Inc. boosted its holdings in AT&T by 3.2% in the second quarter. Integral Investment Advisors Inc. now owns 17,177 shares of the technology company’s stock valued at $322,000 after purchasing an additional 538 shares in the last quarter. Finally, Financial Counselors Inc. raised its holdings in AT&T by 0.6% during the second quarter. Financial Counselors Inc. now owns 92,450 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 539 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. TD Cowen boosted their target price on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Oppenheimer raised their price target on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research note on Monday, September 16th. Finally, Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.38.

AT&T Price Performance

Shares of T opened at $21.78 on Tuesday. The firm has a market capitalization of $156.17 billion, a PE ratio of 11.71, a P/E/G ratio of 3.78 and a beta of 0.60. The stock’s 50 day moving average is $20.47 and its two-hundred day moving average is $18.68. AT&T Inc. has a twelve month low of $14.23 and a twelve month high of $22.34. 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 (NYSE:T) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. Research analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.10%. The ex-dividend date is Thursday, October 10th. AT&T’s payout ratio is currently 59.68%.

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.