XTX Topco Ltd Takes Position in AT&T Inc. (NYSE:T)

XTX Topco Ltd acquired a new position in AT&T Inc. (NYSE:T) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 22,834 shares of the technology company’s stock, valued at approximately $502,000.

A number of other hedge funds also recently bought and sold shares of T. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the period. Riggs Asset Managment Co. Inc. increased 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 worth $27,000 after purchasing an additional 1,116 shares in the last quarter. American Capital Advisory LLC raised its holdings in AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after purchasing an additional 807 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in AT&T during the third quarter valued at $35,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on T shares. Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Sanford C. Bernstein began coverage on shares of AT&T in a report on Tuesday. They set an “outperform” rating and a $28.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

AT&T Stock Performance

NYSE:T opened at $23.63 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $169.55 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 3.57 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The stock’s 50 day simple moving average is $22.50 and its two-hundred day simple moving average is $20.55.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $30.50 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. AT&T’s revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.70%. AT&T’s dividend payout ratio is currently 90.24%.

AT&T 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.