36,353 AT&T Inc. $T Shares Acquired by Integrity Advisory Solutions LLC

Integrity Advisory Solutions LLC lifted its holdings in AT&T Inc. (NYSE:T) by 124.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,641 shares of the technology company’s stock after purchasing an additional 36,353 shares during the quarter. Integrity Advisory Solutions LLC’s holdings in AT&T were worth $1,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in T. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of AT&T during the first quarter worth about $2,901,000. Sound Income Strategies LLC increased its holdings in shares of AT&T by 19.8% during the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock valued at $18,772,000 after acquiring an additional 124,997 shares in the last quarter. B.A. Schrock Wealth Management Inc. acquired a new position in shares of AT&T during the third quarter valued at about $1,583,000. Orographic Financial Advisors LLC acquired a new position in shares of AT&T during the first quarter valued at about $3,449,000. Finally, Quintet Private Bank Europe S.A. raised its position in shares of AT&T by 44.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 2,451,253 shares of the technology company’s stock valued at $59,811,000 after purchasing an additional 750,364 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.5%

AT&T stock opened at $21.33 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The business’s 50-day simple moving average is $24.20 and its two-hundred day simple moving average is $24.94. The company has a market cap of $143.71 billion, a PE ratio of 8.97, a PEG ratio of 1.06 and a beta of 0.30. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were given a $0.2775 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 5.2%. AT&T’s dividend payout ratio is currently 60.00%.

Analysts Set New Price Targets

A number of analysts recently commented on T shares. Argus reiterated a “buy” rating and issued a $30.00 target price on shares of AT&T in a research note on Thursday, October 22nd. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $26.00 to $30.00 in a research report on Monday, September 21st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Morgan Stanley decreased their price target on shares of AT&T from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Finally, Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.55.

About AT&T

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.