KCS Wealth Advisory Purchases 8,922 Shares of AT&T Inc. (NYSE:T)

KCS Wealth Advisory raised its position in shares of AT&T Inc. (NYSE:T) by 80.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,000 shares of the technology company’s stock after buying an additional 8,922 shares during the quarter. KCS Wealth Advisory’s holdings in AT&T were worth $782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SlateStone Wealth LLC boosted its position in shares of AT&T by 93.5% during the 3rd quarter. SlateStone Wealth LLC now owns 31,563 shares of the technology company’s stock worth $1,194,000 after purchasing an additional 15,255 shares in the last quarter. Employers Holdings Inc. boosted its position in shares of AT&T by 307.1% during the 3rd quarter. Employers Holdings Inc. now owns 93,183 shares of the technology company’s stock worth $3,526,000 after purchasing an additional 70,295 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of AT&T by 13.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 78,623 shares of the technology company’s stock worth $2,975,000 after purchasing an additional 9,356 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of AT&T by 6.2% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 108,421 shares of the technology company’s stock worth $4,103,000 after purchasing an additional 6,350 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of AT&T by 11.2% during the 2nd quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock worth $1,979,052,000 after purchasing an additional 5,931,167 shares in the last quarter. 53.60% of the stock is currently owned by institutional investors and hedge funds.

NYSE:T opened at $37.87 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $276.75 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. AT&T Inc. has a 52 week low of $28.92 and a 52 week high of $39.70. The firm has a 50-day moving average price of $38.53 and a two-hundred day moving average price of $36.76.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The firm had revenue of $44.59 billion during the quarter, compared to analyst estimates of $45.45 billion. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 3.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.52 dividend. This is a positive change from AT&T’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $2.08 annualized dividend and a yield of 5.49%. AT&T’s dividend payout ratio (DPR) is 59.09%.

T has been the topic of a number of analyst reports. Raymond James restated a “buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of AT&T in a report on Tuesday, October 29th. UBS Group upped their target price on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 4th. SunTrust Banks upped their target price on shares of AT&T to $36.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. DZ Bank restated a “hold” rating and issued a $38.00 target price on shares of AT&T in a report on Wednesday, September 18th. Finally, HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $39.22.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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