MeadowBrook Investment Advisors LLC Has $139,000 Stock Position in AT&T Inc. (NYSE:T)

MeadowBrook Investment Advisors LLC reduced its holdings in shares of AT&T Inc. (NYSE:T) by 42.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,306 shares of the technology company’s stock after selling 4,696 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in AT&T were worth $139,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. increased its position in shares of AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,116 shares during the last quarter. American Capital Advisory LLC boosted its stake in AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after acquiring an additional 807 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of AT&T during the 3rd quarter valued at approximately $35,000. Altshuler Shaham Ltd bought a new position in shares of AT&T during the 2nd quarter valued at approximately $30,000. Finally, Marquette Asset Management LLC bought a new position in shares of AT&T during the 3rd quarter valued at approximately $36,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the subject of a number of research reports. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Citigroup increased their target price on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Tigress Financial increased their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Barclays raised their price objective on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $23.40.

AT&T Trading Up 0.2 %

NYSE:T traded up $0.04 during trading hours on Thursday, reaching $22.34. The company’s stock had a trading volume of 3,865,808 shares, compared to its average volume of 35,416,844. The firm has a market capitalization of $160.30 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.33 and a beta of 0.59. The firm has a 50-day simple moving average of $21.82 and a 200-day simple moving average of $19.65. AT&T Inc. has a 1 year low of $15.64 and a 1 year high of $22.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter last year, the company earned $0.64 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s payout ratio is 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.