SPC Financial Inc. grew its holdings in AT&T Inc. (NYSE:T) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,788 shares of the technology company’s stock after purchasing an additional 7,150 shares during the quarter. AT&T accounts for about 0.8% of SPC Financial Inc.’s holdings, making the stock its 29th biggest holding. SPC Financial Inc.’s holdings in AT&T were worth $3,399,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Peapack Gladstone Financial Corp increased its stake in AT&T by 2.4% in the 1st quarter. Peapack Gladstone Financial Corp now owns 382,969 shares of the technology company’s stock valued at $15,912,000 after buying an additional 8,894 shares during the period. Madison Investment Holdings Inc. boosted its position in shares of AT&T by 1.1% during the 1st quarter. Madison Investment Holdings Inc. now owns 24,185 shares of the technology company’s stock worth $1,005,000 after purchasing an additional 268 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of AT&T by 6.9% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 3,093,814 shares of the technology company’s stock worth $128,548,000 after buying an additional 200,687 shares in the last quarter. Chatham Capital Group Inc. boosted its position in shares of AT&T by 3.6% in the 1st quarter. Chatham Capital Group Inc. now owns 27,118 shares of the technology company’s stock worth $1,127,000 after buying an additional 951 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in shares of AT&T by 84.6% in the 1st quarter. AE Wealth Management LLC now owns 166,029 shares of the technology company’s stock worth $6,899,000 after buying an additional 76,087 shares in the last quarter. Institutional investors own 55.76% of the company’s stock.
AT&T Inc. (NYSE:T) traded up $0.03 during trading hours on Thursday, reaching $36.65. The company’s stock had a trading volume of 21,068,605 shares, compared to its average volume of 31,028,357. The company has a market capitalization of $224,660.00, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 3.14 and a beta of 0.44. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $42.70. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.46%. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is currently 94.23%.
A number of research firms recently issued reports on T. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 11th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective on the stock. in a research note on Friday, October 6th. Standpoint Research assumed coverage on AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price on the stock. Citigroup increased their target price on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity reissued a “buy” rating and set a $51.00 price target on shares of AT&T in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. AT&T currently has an average rating of “Hold” and an average target price of $42.59.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the stock in a transaction dated Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.
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AT&T Company Profile
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.
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