Leuthold Group LLC Has $5.87 Million Position in AT&T Inc. (NYSE:T)

Leuthold Group LLC grew its position in AT&T Inc. (NYSE:T) by 35.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 266,841 shares of the technology company’s stock after purchasing an additional 69,627 shares during the quarter. Leuthold Group LLC’s holdings in AT&T were worth $5,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hayek Kallen Investment Management boosted its stake in shares of AT&T by 0.8% in the 3rd quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 500 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in AT&T by 0.7% in the third quarter. Lake Street Advisors Group LLC now owns 73,562 shares of the technology company’s stock valued at $1,618,000 after buying an additional 513 shares during the period. Octavia Wealth Advisors LLC boosted its position in AT&T by 2.1% during the second quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after acquiring an additional 519 shares during the last quarter. Carolinas Wealth Consulting LLC grew its holdings in AT&T by 2.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after acquiring an additional 521 shares during the period. Finally, WealthCare Investment Partners LLC raised its position in shares of AT&T by 2.2% in the 2nd quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after acquiring an additional 525 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research report on Monday, September 16th. Barclays raised their price objective on shares of AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Oppenheimer lifted their price target on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. One 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

AT&T Stock Performance

Shares of AT&T stock opened at $22.01 on Monday. AT&T Inc. has a 52 week low of $14.91 and a 52 week high of $22.58. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $21.20 and a 200-day moving average price of $19.15. The company has a market cap of $157.82 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 3.74 and a beta of 0.60.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. Equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.