Diamond Hill Capital Management Inc. acquired a new stake in AT&T Inc. (NYSE:T) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,355 shares of the technology company’s stock, valued at approximately $210,000.

Several other large investors have also recently bought and sold shares of T. RiverFront Investment Group LLC raised its holdings in AT&T by 0.3% during the first quarter. RiverFront Investment Group LLC now owns 513,842 shares of the technology company’s stock worth $21,350,000 after buying an additional 1,614 shares during the last quarter. Callahan Advisors LLC raised its holdings in AT&T by 3.9% during the first quarter. Callahan Advisors LLC now owns 241,132 shares of the technology company’s stock worth $10,019,000 after buying an additional 8,993 shares during the last quarter. Mercer Capital Advisers Inc. raised its holdings in AT&T by 15.2% during the first quarter. Mercer Capital Advisers Inc. now owns 22,750 shares of the technology company’s stock worth $945,000 after buying an additional 3,007 shares during the last quarter. Exane Derivatives raised its holdings in AT&T by 7,915.3% during the first quarter. Exane Derivatives now owns 80,153 shares of the technology company’s stock worth $3,330,000 after buying an additional 79,153 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in AT&T by 6.2% during the first quarter. North Star Investment Management Corp. now owns 161,815 shares of the technology company’s stock worth $6,723,000 after buying an additional 9,421 shares during the last quarter. 55.76% of the stock is currently owned by institutional investors.

AT&T Inc. (T) opened at $38.55 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The firm has a market cap of $233,588.95, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $43.03.

AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. AT&T’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. sell-side analysts expect that AT&T Inc. will post 2.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is currently 94.69%.

In other AT&T news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by company insiders.

Several analysts have recently commented on T shares. Jefferies Group reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Thursday, August 24th. Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 target price on shares of AT&T in a report on Friday, November 10th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price for the company. in a report on Wednesday, November 29th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $43.00 target price on shares of AT&T in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.83.

WARNING: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/diamond-hill-capital-management-inc-takes-position-in-att-inc-t/1775895.html.

AT&T Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.