AT&T Inc. $T Stock: Integrity Advisory Solutions LLC Grows Stake

Integrity Advisory Solutions LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 124.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,641 shares of the technology company’s stock after purchasing an additional 36,353 shares during the quarter. Integrity Advisory Solutions LLC’s holdings in AT&T were worth $1,602,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC bought a new stake in AT&T during the 1st quarter valued at $2,901,000. Sound Income Strategies LLC grew its position in shares of AT&T by 19.8% during the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock worth $18,772,000 after buying an additional 124,997 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in shares of AT&T during the 3rd quarter worth $1,583,000. Orographic Financial Advisors LLC purchased a new position in shares of AT&T during the first quarter valued at $3,449,000. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of AT&T by 44.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 2,451,253 shares of the technology company’s stock valued at $59,811,000 after buying an additional 750,364 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group set a $27.00 price objective on AT&T in a report on Wednesday, October 21st. Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a report on Tuesday, October 13th. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $30.00 in a research report on Monday, September 21st. KeyCorp dropped their price objective on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Finally, Barclays cut their price objective on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, October 22nd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.55.

AT&T Trading Down 0.5%

T opened at $21.33 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. The firm has a market cap of $143.71 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.06 and a beta of 0.30. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The stock has a fifty day moving average price of $24.20 and a 200-day moving average price of $24.94.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

AT&T Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.