AT&T Inc. (NYSE:T) Shares Acquired by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC increased its stake in AT&T Inc. (NYSE:T) by 10.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,829 shares of the technology company’s stock after acquiring an additional 2,428 shares during the quarter. Catalyst Financial Partners LLC’s holdings in AT&T were worth $568,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of T. Teamwork Financial Advisors LLC grew its position in AT&T by 4.5% during the first quarter. Teamwork Financial Advisors LLC now owns 23,243 shares of the technology company’s stock valued at $409,000 after purchasing an additional 996 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in AT&T by 0.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 562,151 shares of the technology company’s stock worth $9,045,000 after purchasing an additional 4,763 shares during the last quarter. Van ECK Associates Corp boosted its position in AT&T by 17.0% during the first quarter. Van ECK Associates Corp now owns 371,841 shares of the technology company’s stock worth $6,544,000 after purchasing an additional 54,078 shares during the period. Norden Group LLC grew its holdings in AT&T by 49.1% during the first quarter. Norden Group LLC now owns 68,267 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 22,477 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of AT&T in the first quarter valued at approximately $1,036,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on T. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday, September 16th. Evercore ISI raised their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Citigroup upped their target price 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. Finally, Oppenheimer boosted their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

AT&T Trading Down 0.7 %

Shares of NYSE T opened at $22.02 on Thursday. The company’s 50 day simple moving average is $21.36 and its 200 day simple moving average is $19.25. 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 Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $22.58. The firm has a market capitalization of $157.89 billion, a P/E ratio of 17.89, a P/E/G ratio of 3.74 and a beta of 0.60.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating 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 firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

AT&T 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.