Radnor Capital Management LLC Has $1.30 Million Stock Holdings in AT&T Inc. (NYSE:T)

Radnor Capital Management LLC raised its holdings in AT&T Inc. (NYSE:T) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 58,869 shares of the technology company’s stock after acquiring an additional 8,458 shares during the quarter. Radnor Capital Management LLC’s holdings in AT&T were worth $1,295,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hayek Kallen Investment Management raised its holdings in AT&T by 0.8% in the third quarter. Hayek Kallen Investment Management now owns 60,271 shares of the technology company’s stock worth $1,326,000 after purchasing an additional 500 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in shares of AT&T by 0.7% in the 3rd quarter. Lake Street Advisors Group LLC now owns 73,562 shares of the technology company’s stock worth $1,618,000 after acquiring an additional 513 shares in the last quarter. Octavia Wealth Advisors LLC lifted its position in AT&T by 2.1% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 25,313 shares of the technology company’s stock valued at $484,000 after acquiring an additional 519 shares during the period. Carolinas Wealth Consulting LLC boosted its stake in AT&T by 2.3% during the second quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company’s stock worth $452,000 after acquiring an additional 521 shares in the last quarter. Finally, WealthCare Investment Partners LLC grew its holdings in AT&T by 2.2% in the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock worth $461,000 after purchasing an additional 525 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

T stock opened at $22.32 on Thursday. The company has a market cap of $160.15 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 3.29 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The business’s 50-day moving average is $21.61 and its two-hundred day moving average is $19.46. AT&T Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $22.73.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.97%. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Barclays increased their target price on AT&T from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Wells Fargo & Company reduced their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Moffett Nathanson upped their price target on shares of AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Oppenheimer raised their price objective on shares of AT&T from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.