9,334 Shares in AT&T Inc. (NYSE:T) Bought by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC acquired a new position in AT&T Inc. (NYSE:T) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,334 shares of the technology company’s stock, valued at approximately $252,000.

A number of other large investors have also modified their holdings of T. Dumont & Blake Investment Advisors LLC boosted its holdings in AT&T by 1.6% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 22,293 shares of the technology company’s stock valued at $642,000 after acquiring an additional 360 shares during the period. Berkshire Bank boosted its holdings in AT&T by 1.6% during the second quarter. Berkshire Bank now owns 23,455 shares of the technology company’s stock valued at $676,000 after acquiring an additional 370 shares during the period. MMA Asset Management LLC boosted its holdings in AT&T by 3.3% during the second quarter. MMA Asset Management LLC now owns 11,596 shares of the technology company’s stock valued at $334,000 after acquiring an additional 374 shares during the period. Arvest Bank Trust Division boosted its holdings in AT&T by 1.2% during the second quarter. Arvest Bank Trust Division now owns 32,828 shares of the technology company’s stock valued at $945,000 after acquiring an additional 374 shares during the period. Finally, JNBA Financial Advisors boosted its holdings in AT&T by 8.2% during the second quarter. JNBA Financial Advisors now owns 4,943 shares of the technology company’s stock valued at $142,000 after acquiring an additional 376 shares during the period. Hedge funds and other institutional investors own 51.42% of the company’s stock.

In other news, Director Stephen J. Luczo acquired 100,000 shares of the company’s stock in a transaction dated Monday, November 8th. The stock was bought at an average price of $25.04 per share, with a total value of $2,504,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

NYSE:T opened at $24.47 on Thursday. AT&T Inc. has a 12-month low of $23.96 and a 12-month high of $33.88. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.86. The firm has a market capitalization 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 firm has a 50-day moving average price of $25.85 and a 200 day moving average price of $27.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 20th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.09. AT&T had a net margin of 0.67% and a return on equity of 13.47%. The firm had revenue of $39.90 billion during the quarter, compared to analyst estimates of $42.37 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 3.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 1st. Stockholders of record on Monday, October 11th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 8.50%. The ex-dividend date of this dividend was Thursday, October 7th. AT&T’s payout ratio is 1,733.48%.

A number of research firms have issued reports on T. KeyCorp upgraded shares of AT&T from an “underweight” rating to a “sector weight” rating in a report on Thursday, October 14th. Barclays decreased their price target on shares of AT&T from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, October 11th. Citigroup cut their price objective on shares of AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, October 19th. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $28.00 in a research report on Thursday, October 7th. Finally, Loop Capital initiated coverage on shares of AT&T in a research report on Monday, September 20th. They set a “hold” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Hold” and an average 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.

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

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