Great Valley Advisor Group Inc. Acquires 10,854 Shares of AT&T Inc. (NYSE:T)

Great Valley Advisor Group Inc. lifted its holdings in AT&T Inc. (NYSE:T) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,883 shares of the technology company’s stock after purchasing an additional 10,854 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in AT&T were worth $1,472,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of T. Strategic Financial Concepts LLC raised its stake in shares of AT&T by 227.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after purchasing an additional 91,578 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings 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 worth $27,000 after buying an additional 1,116 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. American Capital Advisory LLC lifted its stake in AT&T by 107.5% in the 2nd 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 in the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in AT&T during the 2nd quarter worth approximately $30,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. Tigress Financial boosted their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Scotiabank cut shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Barclays upped their target price on 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

AT&T Trading Down 0.3 %

T stock opened at $23.10 on Tuesday. AT&T Inc. has a one year low of $15.94 and a one year high of $23.32. The stock has a market cap of $165.75 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59. The company has a fifty day moving average price of $22.04 and a two-hundred day moving average price of $20.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.81%. AT&T’s dividend payout ratio (DPR) 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.