Waters Parkerson & CO. LLC decreased its holdings in AT&T Inc. (NYSE:T – Get Rating) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,316 shares of the technology company’s stock after selling 4,448 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in AT&T were worth $1,723,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC raised its position in shares of AT&T by 46.3% during the third quarter. Northwest Investment Counselors LLC now owns 3,800 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,203 shares during the last quarter. Canandaigua National Corp increased its holdings in AT&T by 1.0% in the third quarter. Canandaigua National Corp now owns 77,837 shares of the technology company’s stock valued at $1,194,000 after purchasing an additional 775 shares during the last quarter. Solitude Financial Services increased its holdings in AT&T by 22.7% in the third quarter. Solitude Financial Services now owns 52,360 shares of the technology company’s stock valued at $803,000 after purchasing an additional 9,675 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in AT&T by 99.1% in the second quarter. Exchange Traded Concepts LLC now owns 13,821 shares of the technology company’s stock valued at $290,000 after purchasing an additional 6,879 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in AT&T by 6.7% in the second quarter. SRS Capital Advisors Inc. now owns 9,458 shares of the technology company’s stock valued at $198,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 51.86% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on T shares. Truist Financial upgraded AT&T from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, October 21st. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, December 8th. Citigroup boosted their target price on AT&T from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Credit Suisse Group decreased their target price on AT&T from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, October 17th. Finally, Raymond James raised AT&T from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $26.00 to $24.00 in a research note on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.
AT&T Stock Up 6.0 %
AT&T (NYSE:T – Get Rating) last issued its earnings results on Wednesday, January 25th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $31.30 billion for the quarter, compared to the consensus estimate of $31.50 billion. AT&T had a return on equity of 13.24% and a net margin of 14.44%. The company’s revenue was down 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Equities research analysts predict that AT&T Inc. will post 2.64 EPS for the current fiscal year.
AT&T Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Monday, January 9th. AT&T’s dividend payout ratio is presently 41.11%.
AT&T Company Profile
AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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