AT&T Inc. (NYSE:T) Shares Acquired by apricus wealth LLC

apricus wealth LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,685 shares of the technology company’s stock after purchasing an additional 3,265 shares during the quarter. apricus wealth LLC’s holdings in AT&T were worth $1,731,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of T. Davidson Kempner Capital Management LP purchased a new stake in shares of AT&T in the 2nd quarter valued at $23,888,000. Talbot Financial LLC purchased a new stake in AT&T during the third quarter worth $7,438,000. Mackenzie Financial Corp boosted its holdings in AT&T by 12.2% during the second quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock worth $50,486,000 after buying an additional 288,093 shares in the last quarter. DRW Securities LLC boosted its holdings in AT&T by 642.2% during the second quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock worth $1,997,000 after buying an additional 90,255 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in AT&T by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock worth $19,827,000 after buying an additional 43,062 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Tigress Financial increased their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 price target on shares of AT&T in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of AT&T in a report on Monday, July 1st. They set a “buy” rating and a $22.00 price target on the stock. Citigroup increased their price objective on shares of AT&T from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.40.

AT&T Price Performance

Shares of NYSE T opened at $22.19 on Friday. The firm has a 50-day simple moving average of $21.09 and a 200-day simple moving average of $19.06. The stock has a market capitalization of $159.11 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.67 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 52 week low of $14.74 and a 52 week high of $22.58.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The firm had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period last year, the business earned $0.64 earnings per share. AT&T’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, October 10th. AT&T’s payout ratio is currently 63.79%.

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.