AT&T Inc. $T Shares Acquired by Lbp Am Sa

Lbp Am Sa increased its stake in shares of AT&T Inc. (NYSE:T) by 10.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 299,185 shares of the technology company’s stock after buying an additional 29,491 shares during the quarter. Lbp Am Sa’s holdings in AT&T were worth $8,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Front Row Advisors LLC purchased a new stake in shares of AT&T during the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. increased its stake in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the last quarter. Kennebec Savings Bank raised its position in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after purchasing an additional 783 shares during the period. Solstein Capital LLC lifted its stake in shares of AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the last quarter. Finally, Curio Wealth LLC grew its holdings in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.5%

T opened at $23.48 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T Inc. has a one year low of $23.19 and a one year high of $29.79. The company has a market cap of $166.46 billion, a P/E ratio of 7.62, a PEG ratio of 1.29 and a beta of 0.39. The business’s 50-day simple moving average is $24.58 and its 200-day simple moving average is $26.40.

AT&T Dividend Announcement

The business 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. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio is presently 36.04%.

Analysts Set New Price Targets

T has been the subject of several research analyst reports. TD Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. Morgan Stanley lowered their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Scotiabank reissued a “sector perform” rating and issued a $29.50 price objective on shares of AT&T in a research note on Wednesday, January 7th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.67.

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.