Peachtree Investment Advisors Inc. Has $2,164,000 Stake in AT&T Inc. (T)
Peachtree Investment Advisors Inc. decreased its position in AT&T Inc. (NYSE:T) by 0.0% during the third quarter, Holdings Channel reports. The institutional investor owned 53,292 shares of the company’s stock after selling 17 shares during the period. AT&T makes up about 2.1% of Peachtree Investment Advisors Inc.’s holdings, making the stock its 12th largest position. Peachtree Investment Advisors Inc.’s holdings in AT&T were worth $2,164,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in T. Proficio Capital Partners LLC boosted its stake in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Wealthcare Capital Management LLC acquired a new stake in shares of AT&T during the second quarter valued at about $117,000. Finally, Tuttle Tactical Management LLC acquired a new stake in shares of AT&T during the second quarter valued at about $152,000. 52.95% of the stock is owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded down 2.15% during mid-day trading on Wednesday, hitting $38.63. 32,679,291 shares of the stock traded hands. The stock has a 50-day moving average of $37.69 and a 200 day moving average of $40.24. AT&T Inc. has a 1-year low of $33.01 and a 1-year high of $43.89. The firm has a market cap of $237.23 billion, a price-to-earnings ratio of 16.43 and a beta of 0.35.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.97%. AT&T’s payout ratio is 81.70%.
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Several equities analysts have weighed in on T shares. Citigroup Inc. reiterated a “buy” rating and issued a $55.00 target price on shares of AT&T in a report on Monday, October 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 target price on shares of AT&T in a report on Tuesday, October 11th. Barclays PLC lowered shares of AT&T from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $45.00 to $39.00 in a report on Wednesday, October 26th. William Blair reiterated a “market perform” rating on shares of AT&T in a report on Wednesday. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $46.00 target price on shares of AT&T in a report on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.41.
In other AT&T news, Director Geoffrey Y. Yang bought 27,129 shares of the stock in a transaction on Tuesday, October 25th. The stock was purchased at an average price of $36.91 per share, for a total transaction of $1,001,331.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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