AT&T Inc. (T) Holdings Maintained by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC held its position in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,800 shares of the technology company’s stock at the end of the second quarter. Peddock Capital Advisors LLC’s holdings in AT&T were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cedar Wealth Management LLC raised its position in AT&T by 0.9% during the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after purchasing an additional 50 shares during the period. Greatmark Investment Partners Inc. raised its position in AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after purchasing an additional 53 shares during the period. Stratford Consulting LLC raised its position in AT&T by 0.9% during the second quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock valued at $275,000 after purchasing an additional 68 shares during the period. Headinvest LLC raised its position in AT&T by 0.3% during the second quarter. Headinvest LLC now owns 28,069 shares of the technology company’s stock valued at $1,059,000 after purchasing an additional 74 shares during the period. Finally, Moon Capital Management LLC raised its position in AT&T by 0.3% during the second quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock valued at $824,000 after purchasing an additional 75 shares during the period. 55.32% of the stock is owned by hedge funds and other institutional investors.

Shares of AT&T Inc. (T) traded down $0.05 during trading hours on Friday, reaching $34.81. The company had a trading volume of 9,200,000 shares, compared to its average volume of 42,315,776. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $43.03. The company has a market capitalization of $213,698.59, a PE ratio of 11.88, a P/E/G ratio of 2.81 and a beta of 0.42. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60.

AT&T (NYSE:T) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. sell-side analysts anticipate that AT&T Inc. will post 2.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 5.63%. AT&T’s dividend payout ratio (DPR) is presently 94.69%.

Several equities research analysts have recently weighed in on T shares. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 11th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target on the stock. in a report on Friday, October 6th. Macquarie reiterated a “buy” rating and issued a $43.00 price target on shares of AT&T in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price target on shares of AT&T in a report on Thursday, August 24th. Finally, Standpoint Research started coverage on AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average price target of $43.41.

In related news, Director Matthew K. Rose bought 29,600 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

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About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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