Pacific Wealth Strategies Group Inc. trimmed its position in AT&T Inc. (NYSE:T) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,767 shares of the technology company’s stock after selling 1,472 shares during the quarter. Pacific Wealth Strategies Group Inc.’s holdings in AT&T were worth $831,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of T. BlackRock Inc. raised its holdings in shares of AT&T by 3.4% in the 2nd quarter. BlackRock Inc. now owns 508,851,017 shares of the technology company’s stock valued at $14,644,734,000 after purchasing an additional 16,734,100 shares during the period. Amundi bought a new stake in shares of AT&T in the 2nd quarter valued at about $356,207,000. State Street Corp raised its holdings in shares of AT&T by 3.1% in the 2nd quarter. State Street Corp now owns 296,845,308 shares of the technology company’s stock valued at $8,543,208,000 after purchasing an additional 8,812,329 shares during the period. FMR LLC raised its holdings in shares of AT&T by 46.8% in the 2nd quarter. FMR LLC now owns 21,286,901 shares of the technology company’s stock valued at $612,637,000 after purchasing an additional 6,789,539 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in AT&T by 147.0% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,981,484 shares of the technology company’s stock valued at $258,487,000 after buying an additional 5,345,756 shares during the last quarter. 51.42% of the stock is currently owned by institutional investors.
Shares of NYSE T traded down $0.29 during trading hours on Thursday, hitting $24.47. 33,684,130 shares of the stock were exchanged, compared to its average volume of 41,300,453. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.66 and a current ratio of 0.70. The company has a market cap of $174.72 billion, a PE ratio of 203.93, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70. The company’s fifty day simple moving average is $25.85 and its two-hundred day simple moving average is $27.66. AT&T Inc. has a 1-year low of $23.96 and a 1-year high of $33.88.
The company also recently declared a quarterly dividend, which was paid on Monday, November 1st. Investors of record on Monday, October 11th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, October 7th. This represents a $2.08 annualized dividend and a dividend yield of 8.50%. AT&T’s dividend payout ratio is 1,733.48%.
In other news, Director Stephen J. Luczo purchased 100,000 shares of AT&T stock in a transaction that occurred on Monday, November 8th. The shares were acquired at an average price of $25.04 per share, for a total transaction of $2,504,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.08% of the company’s stock.
A number of research analysts recently commented on the stock. Barclays decreased their price target on shares of AT&T from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, October 11th. Moffett Nathanson upgraded shares of AT&T from a “sell” rating to a “neutral” rating and upped their price target for the company from $23.00 to $28.00 in a research note on Thursday, October 7th. Citigroup decreased their price target on shares of AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, October 19th. Loop Capital assumed coverage on shares of AT&T in a research note on Monday, September 20th. They issued a “hold” rating and a $30.00 price target on the stock. Finally, KeyCorp upgraded shares of AT&T from an “underweight” rating to a “sector weight” rating in a research note on Thursday, October 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.13.
AT&T Company Profile
AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.
Featured Story: Using other technical indicators with support levels
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.