AT&T Inc. (NYSE:T) Shares Acquired by Burkett Financial Services LLC

Burkett Financial Services LLC boosted its holdings in AT&T Inc. (NYSE:T) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,287 shares of the technology company’s stock after purchasing an additional 2,003 shares during the quarter. AT&T makes up about 0.6% of Burkett Financial Services LLC’s investment portfolio, making the stock its 16th largest holding. Burkett Financial Services LLC’s holdings in AT&T were worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Eagle Wealth Strategies LLC boosted its position in AT&T by 17.8% during the 3rd quarter. Eagle Wealth Strategies LLC now owns 22,755 shares of the technology company’s stock valued at $501,000 after purchasing an additional 3,444 shares during the period. Future Financial Wealth Managment LLC boosted its holdings in shares of AT&T by 2.7% during the third quarter. Future Financial Wealth Managment LLC now owns 32,354 shares of the technology company’s stock valued at $712,000 after acquiring an additional 849 shares during the period. Sovereign Financial Group Inc. increased its holdings in shares of AT&T by 9.7% in the 3rd quarter. Sovereign Financial Group Inc. now owns 50,248 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 4,455 shares during the period. Sage Capital Advisors llc boosted its stake in AT&T by 0.7% during the 3rd quarter. Sage Capital Advisors llc now owns 196,978 shares of the technology company’s stock valued at $4,334,000 after purchasing an additional 1,409 shares during the period. Finally, Marquette Asset Management LLC acquired a new position in AT&T during the 3rd quarter valued at about $36,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.1 %

NYSE T traded down $0.03 during trading hours on Wednesday, hitting $21.83. 5,311,829 shares of the company were exchanged, compared to its average volume of 35,685,828. The stock has a 50-day moving average price of $20.58 and a 200 day moving average price of $18.75. The stock has a market cap of $156.52 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 3.78 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 52 week low of $14.23 and a 52 week high of $22.34.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. Analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s payout ratio is currently 59.68%.

Analyst Ratings Changes

T has been the topic of several recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Oppenheimer lifted their price objective on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Barclays increased their price objective on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

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.