AT&T Inc. (NYSE:T) is Credit Capital Investments LLC’s 2nd Largest Position

Credit Capital Investments LLC lessened its holdings in AT&T Inc. (NYSE:T) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 352,100 shares of the technology company’s stock after selling 25,686 shares during the quarter. AT&T comprises approximately 9.6% of Credit Capital Investments LLC’s investment portfolio, making the stock its 2nd largest holding. Credit Capital Investments LLC’s holdings in AT&T were worth $7,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Davidson Kempner Capital Management LP acquired a new position in AT&T in the 2nd quarter worth approximately $23,888,000. Talbot Financial LLC acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $7,438,000. Mackenzie Financial Corp grew its stake in shares of AT&T by 12.2% during the 2nd quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock worth $50,486,000 after purchasing an additional 288,093 shares during the period. DRW Securities LLC grew its stake in shares of AT&T by 642.2% during the 2nd quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock worth $1,997,000 after purchasing an additional 90,255 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of AT&T by 7.2% during the 3rd quarter. Van ECK Associates Corp now owns 396,958 shares of the technology company’s stock worth $8,928,000 after purchasing an additional 26,706 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on T shares. Moffett Nathanson raised their price objective on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Tigress Financial lifted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Scotiabank cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Citigroup lifted their price target on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy 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 $23.40.

AT&T Trading Up 0.5 %

Shares of NYSE:T traded up $0.11 during midday trading on Wednesday, reaching $22.26. 3,362,794 shares of the company’s stock were exchanged, compared to its average volume of 35,442,156. The firm’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $19.63. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market cap of $159.72 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 3.35 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.52 and a fifty-two week high of $22.73.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s dividend payout ratio is currently 90.24%.

AT&T Company 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.