AT&T Inc. (NYSE:T) Position Boosted by Demars Financial Group LLC

Demars Financial Group LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,728 shares of the technology company’s stock after purchasing an additional 581 shares during the period. Demars Financial Group LLC’s holdings in AT&T were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of AT&T by 0.9% in the second quarter. Vanguard Group Inc. now owns 567,066,411 shares of the technology company’s stock worth $16,320,170,000 after buying an additional 5,314,844 shares during the period. BlackRock Inc. boosted its holdings in shares of AT&T by 3.4% in the second quarter. BlackRock Inc. now owns 508,851,017 shares of the technology company’s stock worth $14,644,734,000 after buying an additional 16,734,100 shares during the period. State Street Corp boosted its holdings in shares of AT&T by 3.1% in the second quarter. State Street Corp now owns 296,845,308 shares of the technology company’s stock worth $8,543,208,000 after buying an additional 8,812,329 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AT&T by 2.9% in the second quarter. Geode Capital Management LLC now owns 119,066,979 shares of the technology company’s stock worth $3,417,013,000 after buying an additional 3,364,659 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of AT&T by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 58,465,265 shares of the technology company’s stock worth $1,682,572,000 after buying an additional 1,394,576 shares during the period. Institutional investors own 51.42% of the company’s stock.

T has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of AT&T in a research report on Monday, September 20th. They issued a “hold” rating and a $30.00 price target for the company. KeyCorp raised shares of AT&T from an “underweight” rating to a “sector weight” rating in a research report on Thursday, October 14th. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $28.00 in a research report on Thursday, October 7th. Barclays reduced their price target on shares of AT&T from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, October 11th. Finally, Citigroup reduced their price target on shares of AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, October 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.13.

Shares of T stock opened at $24.22 on Friday. AT&T Inc. has a 12 month low of $23.96 and a 12 month high of $33.88. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $25.72 and its two-hundred day moving average is $27.55. The company has a market cap of $172.93 billion, a PE ratio of 201.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 20th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. AT&T had a return on equity of 13.47% and a net margin of 0.67%. The company had revenue of $39.90 billion for the quarter, compared to the consensus estimate of $42.37 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts expect that AT&T Inc. will post 3.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 1st. Shareholders of record on Monday, October 11th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, October 7th. This represents a $2.08 annualized dividend and a yield of 8.59%. AT&T’s dividend payout ratio (DPR) is presently 1,733.48%.

In related news, Director Stephen J. Luczo purchased 100,000 shares of the stock in a transaction on Monday, November 8th. The shares were bought at an average price of $25.04 per share, for a total transaction of $2,504,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S.

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

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