166,365 AT&T Inc. $T Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in AT&T Inc. (NYSE:T) by 491.6% during the third quarter, Holdings Channel reports. The fund owned 200,206 shares of the technology company’s stock after acquiring an additional 166,365 shares during the period. Fulcrum Asset Management LLP’s holdings in AT&T were worth $4,901,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Robinswood Financial LLC purchased a new stake in shares of AT&T during the 1st quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in shares of AT&T in the second quarter worth approximately $26,000. Addison Advisors LLC purchased a new position in shares of AT&T in the second quarter worth approximately $27,000. North Point Portfolio Managers Corp OH purchased a new position in shares of AT&T in the third quarter worth approximately $34,000. Finally, Matrix Trust Co grew its position in AT&T by 331.8% during the second quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after buying an additional 1,148 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.6%

T stock opened at $21.76 on Tuesday. The business’s 50-day moving average price is $23.88 and its 200-day moving average price is $24.91. The stock has a market cap of $146.60 billion, a P/E ratio of 11.76, a PEG ratio of 1.08 and a beta of 0.30. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on T. TD Cowen reaffirmed a “hold” rating and set a $33.00 target price on shares of AT&T in a report on Thursday, October 22nd. Arete Research dropped their price target on shares of AT&T from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Scotiabank dropped their price target on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.56.

AT&T Company Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.