AT&T Inc. $T Shares Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC grew its position in AT&T Inc. (NYSE:T) by 921.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 77,221 shares of the technology company’s stock after acquiring an additional 69,661 shares during the period. TriaGen Wealth Management LLC’s holdings in AT&T were worth $2,181,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of T. Vanguard Group Inc. increased its stake in AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. State Street Corp lifted its holdings in AT&T by 2.4% during the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after buying an additional 7,404,376 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in AT&T during the 2nd quarter worth approximately $5,266,758,000. Geode Capital Management LLC boosted its position in AT&T by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after buying an additional 2,066,026 shares during the period. Finally, Norges Bank purchased a new stake in shares of AT&T during the second quarter worth $2,228,655,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 1.2%

T stock opened at $24.54 on Monday. The stock has a market cap of $174.00 billion, a P/E ratio of 7.97, a PEG ratio of 1.31 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company’s 50 day moving average is $25.00 and its two-hundred day moving average is $26.90.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 1.7% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s payout ratio is presently 36.04%.

Analyst Ratings Changes

A number of research firms have issued reports on T. Loop Capital set a $29.00 price target on AT&T in a research report on Friday, December 19th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley lowered their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.24.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.