AT&T Inc. (NYSE:T) Shares Bought by JB Capital LLC

by · The Cerbat Gem

JB Capital LLC raised its holdings in AT&T Inc. (NYSE:T – Free Report) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,723 shares of the technology company’s stock after acquiring an additional 778 shares during the quarter. JB Capital LLC’s holdings in AT&T were worth $610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its stake in shares of AT&T by 1,379.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company’s stock worth $270,581,000 after buying an additional 13,201,774 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of AT&T by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock worth $414,563,000 after buying an additional 6,602,586 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of AT&T by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company’s stock worth $1,549,375,000 after purchasing an additional 5,592,123 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in AT&T by 22.0% in the 2nd quarter. Thornburg Investment Management Inc. now owns 24,988,396 shares of the technology company’s stock valued at $477,528,000 after buying an additional 4,511,725 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in AT&T during the 2nd quarter valued at $78,570,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 1.2 %

Shares of T opened at $22.05 on Friday. The company has a market capitalization of $158.22 billion, a P/E ratio of 17.93, a P/E/G ratio of 3.29 and a beta of 0.59. AT&T Inc. has a one year low of $15.46 and a one year high of $22.73. 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 stock has a 50-day moving average price of $21.61 and a 200 day moving average price of $19.46.

AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. AT&T’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.03%. The ex-dividend date was Thursday, October 10th. AT&T’s payout ratio is currently 90.24%.

Analysts Set New Price Targets

T has been the subject of a number of analyst reports. Scotiabank cut AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Evercore ISI boosted their price target on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $22.00 price target on shares of AT&T in a report on Thursday, October 24th. Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Moffett Nathanson boosted their price target on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $23.40.

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AT&T Profile

(Free Report)

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.

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