DT Investment Partners LLC Purchases 4,558 Shares of AT&T Inc. (NYSE:T)
DT Investment Partners LLC increased its position in shares of AT&T Inc. (NYSE:T) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,802 shares of the technology company’s stock after purchasing an additional 4,558 shares during the quarter. AT&T accounts for approximately 0.7% of DT Investment Partners LLC’s investment portfolio, making the stock its 19th largest position. DT Investment Partners LLC’s holdings in AT&T were worth $5,404,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principle Wealth Partners LLC raised its stake in AT&T by 105.3% during the third quarter. Principle Wealth Partners LLC now owns 24,224 shares of the technology company’s stock worth $917,000 after acquiring an additional 12,422 shares in the last quarter. McIlrath & Eck LLC raised its stake in AT&T by 324.9% during the third quarter. McIlrath & Eck LLC now owns 15,733 shares of the technology company’s stock worth $595,000 after acquiring an additional 12,030 shares in the last quarter. Watch Point Trust Co acquired a new position in AT&T during the third quarter worth about $219,000. Barber Financial Group Inc. raised its stake in AT&T by 1.5% during the third quarter. Barber Financial Group Inc. now owns 38,963 shares of the technology company’s stock worth $1,474,000 after acquiring an additional 567 shares in the last quarter. Finally, Rikoon Group LLC raised its stake in AT&T by 10.2% during the third quarter. Rikoon Group LLC now owns 61,777 shares of the technology company’s stock worth $2,338,000 after acquiring an additional 5,735 shares in the last quarter. 52.94% of the stock is owned by institutional investors and hedge funds.
AT&T stock opened at $39.38 on Friday. The business has a 50 day moving average of $37.87 and a 200-day moving average of $34.45. AT&T Inc. has a 1 year low of $26.80 and a 1 year high of $39.58. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.74 and a quick ratio of 0.71. The company has a market capitalization of $287.75 billion, a P/E ratio of 11.19, a P/E/G ratio of 2.47 and a beta of 0.64.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Wednesday, October 9th. AT&T’s dividend payout ratio is currently 57.95%.
T has been the subject of several research analyst reports. Credit Suisse Group raised AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 target price for the company in a research note on Thursday, July 25th. UBS Group boosted their target price on AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Citigroup boosted their target price on AT&T from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein initiated coverage on AT&T in a research note on Tuesday, October 15th. They set a “market perform” rating and a $36.00 target price for the company. Finally, Raymond James reissued a “buy” rating and set a $45.00 target price (up previously from $40.00) on shares of AT&T in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.74.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
Further Reading: What is the role of the G-20?
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).
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.