Tyler Stone Wealth Management Boosts Stake in AT&T Inc. (NYSE:T)

Tyler Stone Wealth Management increased its position in AT&T Inc. (NYSE:T) by 100.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,349 shares of the technology company’s stock after purchasing an additional 22,703 shares during the quarter. Tyler Stone Wealth Management’s holdings in AT&T were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its holdings in AT&T by 356.5% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,116 shares during the last quarter. American Capital Advisory LLC grew its holdings in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after acquiring an additional 807 shares during the period. Reston Wealth Management LLC purchased a new stake in AT&T during the third quarter valued at $35,000. Altshuler Shaham Ltd bought a new position in AT&T in the second quarter valued at about $30,000. Finally, Marquette Asset Management LLC purchased a new position in AT&T in the third quarter worth about $36,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE:T traded up $0.30 during trading hours on Friday, reaching $22.34. The stock had a trading volume of 29,901,560 shares, compared to its average volume of 34,672,116. The stock has a market capitalization of $160.30 billion, a PE ratio of 18.16, a PEG ratio of 3.35 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.46 and a 52 week high of $22.73. The company has a 50 day moving average price of $21.70 and a two-hundred day moving average price of $19.52. 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 quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.22 earnings per share 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 issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.97%. AT&T’s payout ratio is currently 90.24%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on T shares. JPMorgan Chase & Co. increased their price target on shares of AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Scotiabank cut AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. Finally, Citigroup increased their price objective on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

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.