AT&T Inc. (NYSE:T) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 3.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 32,013 shares of the technology company’s stock after buying an additional 997 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in AT&T were worth $704,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in T. Dorsey & Whitney Trust CO LLC raised its holdings in AT&T by 27.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 44,033 shares of the technology company’s stock valued at $775,000 after acquiring an additional 9,602 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in AT&T by 2.5% during the first quarter. Tocqueville Asset Management L.P. now owns 71,279 shares of the technology company’s stock valued at $1,255,000 after purchasing an additional 1,716 shares during the last quarter. M&G Plc bought a new stake in AT&T during the first quarter valued at $9,074,000. Mizuho Markets Americas LLC bought a new stake in AT&T during the first quarter valued at $6,321,000. Finally, Spirepoint Private Client LLC bought a new stake in AT&T during the first quarter valued at $227,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T opened at $22.69 on Friday. The firm has a 50-day moving average price of $21.89 and a 200 day moving average price of $19.71. The firm has a market capitalization of $162.81 billion, a PE ratio of 18.45, a P/E/G ratio of 3.35 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52-week low of $15.75 and a 52-week high of $22.75.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the prior year, the company earned $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent research reports. Tigress Financial boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Redburn Atlantic upgraded shares of AT&T to a “strong sell” rating in a research note on Monday, September 16th. Scotiabank lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer upped their price target on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen upped their price target on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

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.