AT&T Inc. (T) Position Raised by Swarthmore Group Inc.
Swarthmore Group Inc. boosted its stake in shares of AT&T Inc. (NYSE:T) by 342.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,425 shares of the company’s stock after buying an additional 110,200 shares during the period. AT&T makes up 1.1% of Swarthmore Group Inc.’s portfolio, making the stock its 25th largest position. Swarthmore Group Inc.’s holdings in AT&T were worth $5,784,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of T. Proficio Capital Partners LLC increased its stake in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners increased its stake in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC increased its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 300 shares in the last quarter. Wealthcare Capital Management LLC bought a new stake in AT&T during the second quarter worth approximately $117,000. Finally, Tuttle Tactical Management LLC bought a new stake in AT&T during the second quarter worth approximately $152,000. 52.95% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded down 0.291% during trading on Tuesday, reaching $39.425. The company’s stock had a trading volume of 14,946,137 shares. The stock’s 50 day moving average is $37.69 and its 200 day moving average is $40.25. AT&T Inc. has a 12 month low of $33.01 and a 12 month high of $43.89. The company has a market cap of $242.11 billion, a price-to-earnings ratio of 16.769 and a beta of 0.35.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were paid a $0.48 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.86%. AT&T’s payout ratio is presently 81.70%.
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T has been the subject of several recent analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $45.00 price target on shares of AT&T in a report on Monday, October 24th. Jefferies Group reiterated a “buy” rating on shares of AT&T in a report on Tuesday. Vetr upgraded AT&T from a “sell” rating to a “hold” rating and set a $41.06 price objective for the company in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of AT&T in a report on Tuesday, November 8th. Finally, Barclays PLC downgraded AT&T from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $45.00 to $39.00 in a report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.24.
In other AT&T news, Director Geoffrey Y. Yang bought 27,129 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were purchased at an average price of $36.91 per share, for a total transaction of $1,001,331.39. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by insiders.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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