AT&T Inc. (NYSE:T) Holdings Raised by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lifted its stake in shares of AT&T Inc. (NYSE:T) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,551 shares of the technology company’s stock after purchasing an additional 12,444 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in AT&T were worth $8,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of T. USA Financial Formulas increased its stake in AT&T by 20.8% in the 3rd quarter. USA Financial Formulas now owns 11,928 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,051 shares in the last quarter. Somerset Trust Co increased its stake in AT&T by 2.0% in the 3rd quarter. Somerset Trust Co now owns 54,223 shares of the technology company’s stock worth $1,193,000 after purchasing an additional 1,081 shares in the last quarter. Patten Group Inc. increased its stake in AT&T by 4.2% in the 3rd quarter. Patten Group Inc. now owns 94,316 shares of the technology company’s stock worth $2,075,000 after purchasing an additional 3,833 shares in the last quarter. Wedmont Private Capital increased its stake in AT&T by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 67,949 shares of the technology company’s stock worth $1,480,000 after purchasing an additional 2,515 shares in the last quarter. Finally, CWM LLC increased its stake in AT&T by 2.9% in the 3rd quarter. CWM LLC now owns 2,455,560 shares of the technology company’s stock worth $54,022,000 after purchasing an additional 69,306 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on T. Daiwa America raised AT&T to a “hold” rating in a research note on Friday, July 26th. Citigroup boosted their price target on AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Tigress Financial boosted their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, UBS Group reissued a “buy” rating and issued a $24.00 price target on shares of AT&T in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $22.38.

AT&T Stock Down 1.4 %

Shares of T stock traded down $0.31 during trading hours on Thursday, reaching $21.34. The company had a trading volume of 10,687,815 shares, compared to its average volume of 35,652,516. AT&T Inc. has a 12 month low of $14.23 and a 12 month high of $22.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The business has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $18.77. The company has a market cap of $153.01 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 3.74 and a beta of 0.60.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The company had revenue of $29.80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same period last year, the business posted $0.63 earnings per share. AT&T’s revenue was down .3% on a year-over-year basis. On average, research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm 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 dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.20%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend payout ratio is 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.