Usca Ria LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 11.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 471,989 shares of the technology company’s stock after purchasing an additional 47,085 shares during the quarter. AT&T comprises 1.6% of Usca Ria LLC’s portfolio, making the stock its 3rd largest holding. Usca Ria LLC’s holdings in AT&T were worth $15,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in T. Ibex Wealth Advisors lifted its position in AT&T by 0.8% in the third quarter. Ibex Wealth Advisors now owns 198,405 shares of the technology company’s stock worth $6,644,000 after purchasing an additional 1,493 shares during the period. SSI Investment Management Inc. lifted its position in AT&T by 10.0% in the second quarter. SSI Investment Management Inc. now owns 17,160 shares of the technology company’s stock worth $549,000 after purchasing an additional 1,553 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in AT&T by 1.7% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,276 shares of the technology company’s stock worth $3,059,000 after purchasing an additional 1,553 shares during the period. Tradewinds Capital Management LLC lifted its position in AT&T by 27.0% in the second quarter. Tradewinds Capital Management LLC now owns 7,332 shares of the technology company’s stock worth $235,000 after purchasing an additional 1,560 shares during the period. Finally, Endurance Wealth Management Inc. lifted its position in AT&T by 7.5% in the second quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock worth $728,000 after purchasing an additional 1,572 shares during the period. 63.31% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:T opened at $29.55 on Friday. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $37.81. The firm has a market capitalization of $180.79 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.25 and a beta of 0.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.81.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.86. The firm had revenue of $47.99 billion during the quarter, compared to analyst estimates of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. Equities analysts anticipate that AT&T Inc. will post 3.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Thursday, January 10th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.90%. This is a positive change from AT&T’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, January 9th. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

Several research analysts have issued reports on T shares. Bank of America set a $37.00 price objective on AT&T and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Cowen reiterated a “buy” rating and set a $35.00 price objective on shares of AT&T in a research note on Thursday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a research note on Monday, December 3rd. Robert W. Baird dropped their price objective on AT&T from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Finally, Scotiabank set a $32.00 price objective on AT&T and gave the stock a “hold” rating in a research note on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $35.89.

In other news, Director Geoffrey Y. Yang acquired 33,558 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was purchased at an average cost of $29.79 per share, for a total transaction of $999,692.82. Following the completion of the transaction, the director now directly owns 5,402 shares in the company, valued at $160,925.58. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $29.84, for a total value of $111,840.32. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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