United Advisor Group LLC Raises Position in AT&T Inc. (NYSE:T)

United Advisor Group LLC boosted its holdings in AT&T Inc. (NYSE:T) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,374 shares of the technology company’s stock after purchasing an additional 6,402 shares during the quarter. United Advisor Group LLC’s holdings in AT&T were worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new stake in AT&T during the first quarter valued at about $165,000. Mediolanum International Funds Ltd purchased a new position in AT&T in the first quarter valued at approximately $1,294,000. TFB Advisors LLC acquired a new position in AT&T during the first quarter valued at approximately $202,000. Catalina Capital Group LLC purchased a new stake in AT&T during the first quarter worth approximately $355,000. Finally, Csenge Advisory Group raised its stake in shares of AT&T by 2.6% in the 1st quarter. Csenge Advisory Group now owns 118,849 shares of the technology company’s stock valued at $2,092,000 after acquiring an additional 2,998 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

AT&T stock opened at $22.06 on Wednesday. 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 12 month low of $15.46 and a 12 month high of $22.73. The company has a fifty day moving average price of $21.56 and a two-hundred day moving average price of $19.44. The company has a market cap of $158.29 billion, a PE ratio of 17.93, a P/E/G ratio of 3.32 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. Research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on T shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $22.00 price target on shares of AT&T in a research report on Thursday, October 24th. Tigress Financial upped their target price on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer raised their target price on AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays increased their price objective on shares of AT&T from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

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.