Vicus Capital Increases Stake in AT&T Inc. (NYSE:T)

Vicus Capital increased its stake in AT&T Inc. (NYSE:T) by 19.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,485 shares of the technology company’s stock after purchasing an additional 7,714 shares during the period. Vicus Capital’s holdings in AT&T were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of AT&T by 12.3% during the first quarter. AdvisorNet Financial Inc now owns 20,002 shares of the technology company’s stock worth $352,000 after purchasing an additional 2,186 shares during the period. Global Assets Advisory LLC acquired a new stake in AT&T during the 1st quarter valued at approximately $2,436,000. Austin Private Wealth LLC boosted its holdings in shares of AT&T by 12.9% in the 1st quarter. Austin Private Wealth LLC now owns 18,345 shares of the technology company’s stock valued at $323,000 after acquiring an additional 2,101 shares during the last quarter. Capital Advisors Wealth Management LLC increased its stake in shares of AT&T by 26.9% in the first quarter. Capital Advisors Wealth Management LLC now owns 18,662 shares of the technology company’s stock worth $328,000 after acquiring an additional 3,958 shares during the period. Finally, Charles Schwab Trust Co raised its holdings in shares of AT&T by 13.4% during the first quarter. Charles Schwab Trust Co now owns 16,594 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,962 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on T. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Tigress Financial lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. TD Cowen increased their price target on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Daiwa America raised shares of AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Citigroup increased their target price 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.69.

AT&T Price Performance

Shares of NYSE:T traded down $0.10 during trading on Tuesday, reaching $21.56. The stock had a trading volume of 15,132,688 shares, compared to its average volume of 35,408,840. The business has a fifty day moving average price of $20.99 and a 200-day moving average price of $19.01. AT&T Inc. has a 1-year low of $14.74 and a 1-year high of $22.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70. The stock has a market cap of $154.59 billion, a PE ratio of 12.32, a PEG ratio of 3.73 and a beta of 0.60.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is 63.79%.

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.