Wealthstream Advisors Inc. Buys Shares of 11,939 AT&T Inc. (NYSE:T)

Wealthstream Advisors Inc. acquired a new position in shares of AT&T Inc. (NYSE:T) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 11,939 shares of the technology company’s stock, valued at approximately $263,000.

A number of other institutional investors have also recently bought and sold shares of T. Kingsview Wealth Management LLC lifted its stake in AT&T by 2.6% in the first quarter. Kingsview Wealth Management LLC now owns 224,144 shares of the technology company’s stock valued at $3,945,000 after acquiring an additional 5,702 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in shares of AT&T by 6.7% in the 1st quarter. Picton Mahoney Asset Management now owns 13,020 shares of the technology company’s stock valued at $230,000 after purchasing an additional 820 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in AT&T by 4.0% during the first quarter. Orion Portfolio Solutions LLC now owns 328,199 shares of the technology company’s stock worth $5,776,000 after buying an additional 12,591 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of AT&T by 27.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 44,033 shares of the technology company’s stock worth $775,000 after buying an additional 9,602 shares during the last quarter. Finally, RFP Financial Group LLC increased its holdings in shares of AT&T by 38.2% during the 1st quarter. RFP Financial Group LLC now owns 9,330 shares of the technology company’s stock valued at $164,000 after acquiring an additional 2,580 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on T. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Wells Fargo & Company lowered their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Tigress Financial increased their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

AT&T Price Performance

NYSE:T opened at $22.30 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market cap of $160.01 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.52 and a 12 month high of $22.73. The company’s 50-day moving average price is $21.82 and its two-hundred day moving average price is $19.65.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the previous year, the business earned $0.64 EPS. AT&T’s revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.