Bridgewater Advisors Inc. Has $787,000 Stock Holdings in AT&T Inc. (NYSE:T)

Bridgewater Advisors Inc. boosted its stake in AT&T Inc. (NYSE:T) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,485 shares of the technology company’s stock after purchasing an additional 1,309 shares during the quarter. Bridgewater Advisors Inc.’s holdings in AT&T were worth $787,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its holdings in shares of AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after buying an additional 1,116 shares during the last quarter. American Capital Advisory LLC lifted its position in shares of AT&T by 107.5% during the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after buying an additional 807 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in AT&T in the 3rd quarter worth about $35,000. Altshuler Shaham Ltd bought a new stake in AT&T in the 2nd quarter valued at about $30,000. Finally, Marquette Asset Management LLC purchased a new stake in AT&T during the third quarter valued at about $36,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Tigress Financial upped their target price on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $22.00 target price on shares of AT&T in a research note on Thursday, October 24th. Finally, Citigroup boosted their price target on shares of AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. 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, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

AT&T Price Performance

NYSE T opened at $22.32 on Thursday. The company has a market capitalization of $160.15 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.29 and a beta of 0.59. The stock has a 50-day moving average of $21.61 and a 200 day moving average of $19.46. 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.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.97%. AT&T’s payout ratio is currently 90.24%.

AT&T Company 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.