Wilmington Savings Fund Society FSB Buys 211,723 Shares of AT&T Inc. (NYSE:T)

Wilmington Savings Fund Society FSB raised its stake in shares of AT&T Inc. (NYSE:T) by 386.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266,565 shares of the technology company’s stock after buying an additional 211,723 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in AT&T were worth $5,864,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in AT&T by 176.6% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,192 shares during the last quarter. Silver Lake Advisory LLC bought a new stake in AT&T in the 2nd quarter worth about $349,000. Blue Trust Inc. raised its position in AT&T by 31.6% in the 2nd quarter. Blue Trust Inc. now owns 39,247 shares of the technology company’s stock worth $691,000 after buying an additional 9,434 shares during the last quarter. Brookstone Capital Management lifted its stake in AT&T by 2.7% during the 2nd quarter. Brookstone Capital Management now owns 786,174 shares of the technology company’s stock valued at $15,063,000 after acquiring an additional 20,492 shares during the period. Finally, Gradient Investments LLC boosted its holdings in shares of AT&T by 30.7% during the 2nd quarter. Gradient Investments LLC now owns 30,677 shares of the technology company’s stock valued at $586,000 after acquiring an additional 7,198 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.5 %

T stock opened at $23.36 on Friday. The firm has a market cap of $167.61 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. The firm has a fifty day moving average price of $22.47 and a 200 day moving average price of $20.51. 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 Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03.

AT&T (NYSE:T) last released its quarterly 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. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.75%. AT&T’s payout ratio is 90.24%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price target on shares of AT&T in a research note on Thursday, October 24th. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday. They issued an “outperform” rating and a $28.00 price objective on the stock. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Sanford C. Bernstein assumed coverage on shares of AT&T in a research report on Tuesday. They issued an “outperform” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.