Nicola Wealth Management LTD. Buys 80,000 Shares of AT&T Inc. $T

Nicola Wealth Management LTD. raised its holdings in AT&T Inc. (NYSE:T) by 11.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 789,400 shares of the technology company’s stock after acquiring an additional 80,000 shares during the period. AT&T makes up 2.0% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 16th largest position. Nicola Wealth Management LTD.’s holdings in AT&T were worth $22,293,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of T. Front Row Advisors LLC bought a new stake in AT&T during the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. boosted its holdings in shares of AT&T by 363.7% in 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 period. Kennebec Savings Bank grew its position in shares of 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 in the last quarter. Solstein Capital LLC raised its stake in shares of AT&T by 217.3% during 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 period. Finally, Curio Wealth LLC lifted its holdings in 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 in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on T shares. Arete Research set a $20.00 target price on AT&T in a report on Tuesday, January 6th. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup decreased their target price on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Royal Bank Of Canada cut their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $29.67.

AT&T Trading Down 0.5%

NYSE T opened at $23.48 on Tuesday. The firm has a market capitalization of $166.46 billion, a PE ratio of 7.62, a P/E/G ratio of 1.29 and a beta of 0.39. The stock’s 50 day moving average is $24.58 and its 200 day moving average is $26.40. AT&T Inc. has a twelve month low of $23.19 and a twelve month high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend 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%.

AT&T 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.