Richard C. Young & CO. LTD. Has $18.39 Million Stock Holdings in AT&T Inc. (NYSE:T)

Richard C. Young & CO. LTD. raised its position in shares of AT&T Inc. (NYSE:T) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 835,804 shares of the technology company’s stock after purchasing an additional 15,985 shares during the period. AT&T makes up approximately 2.0% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 16th biggest position. Richard C. Young & CO. LTD.’s holdings in AT&T were worth $18,388,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. Riggs Asset Managment Co. Inc. grew its stake 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 valued at $27,000 after buying an additional 1,116 shares during the period. American Capital Advisory LLC grew its stake in shares of AT&T by 107.5% in 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 period. Reston Wealth Management LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $35,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of AT&T in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.9 %

NYSE:T opened at $22.68 on Monday. 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 market capitalization of $162.74 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.40 and a beta of 0.59. The firm’s 50 day moving average is $21.89 and its 200 day moving average is $19.75. AT&T Inc. has a 12 month low of $15.75 and a 12 month high of $22.75.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. Sell-side analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.89%. AT&T’s payout ratio is 90.24%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen lifted their price target on AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research note on Monday, September 16th. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company cut their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Finally, Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.40.

About AT&T

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.