Luts & Greenleigh Group Inc. Has $385,000 Stock Holdings in AT&T Inc. (NYSE:T)

Luts & Greenleigh Group Inc. grew its stake in AT&T Inc. (NYSE:T) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 16,905 shares of the technology company’s stock after acquiring an additional 460 shares during the quarter. Luts & Greenleigh Group Inc.’s holdings in AT&T were worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares in the last quarter. Reston Wealth Management LLC bought a new stake in AT&T during the 3rd quarter worth about $35,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $35,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $36,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 0.9 %

NYSE T opened at $22.49 on Wednesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average of $22.80 and a 200-day moving average of $21.40. The company has a market cap of $161.40 billion, a PE ratio of 18.29, a PEG ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.93%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on T. Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. Tigress Financial boosted their price target on shares of 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 for the company in a report on Thursday, October 24th. Sanford C. Bernstein began coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.