Quest Partners LLC Has $2.21 Million Stake in AT&T Inc. (NYSE:T)

Quest Partners LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 2,555.9% during the third quarter, Holdings Channel reports. The fund owned 100,392 shares of the technology company’s stock after buying an additional 96,612 shares during the quarter. Quest Partners LLC’s holdings in AT&T were worth $2,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of T. AMG National Trust Bank boosted its holdings in AT&T by 130.8% in the third quarter. AMG National Trust Bank now owns 146,547 shares of the technology company’s stock worth $3,224,000 after acquiring an additional 83,048 shares in the last quarter. Aljian Capital Management LLC acquired a new position in shares of AT&T during the third quarter worth approximately $391,000. TrinityPoint Wealth LLC bought a new position in shares of AT&T in the 3rd quarter worth $206,000. Swiss National Bank grew its position in AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after purchasing an additional 104,700 shares during the period. Finally, Claro Advisors LLC grew its position in AT&T by 64.6% in the 3rd quarter. Claro Advisors LLC now owns 49,080 shares of the technology company’s stock valued at $1,080,000 after purchasing an additional 19,269 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 1.4 %

AT&T stock opened at $22.99 on Tuesday. The firm has a 50 day moving average price of $21.92 and a 200-day moving average price of $19.79. 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 twelve month low of $15.85 and a twelve month high of $23.20. The company has a market capitalization of $164.96 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.40 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities analysts predict that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Thursday, October 10th. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Ratings Changes

A number of research firms have weighed in on T. Daiwa America raised shares of AT&T to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price target on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Oppenheimer raised their target price on AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Moffett Nathanson lifted their target price on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target 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.