Nicholas Hoffman & Company LLC. Has $2.52 Million Stake in AT&T Inc. (T)

Nicholas Hoffman & Company LLC. grew its position in AT&T Inc. (NYSE:T) by 28.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,618 shares of the technology company’s stock after buying an additional 17,299 shares during the quarter. AT&T accounts for about 0.9% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 21st largest holding. Nicholas Hoffman & Company LLC.’s holdings in AT&T were worth $2,524,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of T. CKW Financial Group increased its position in AT&T by 105.0% during the 2nd quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after purchasing an additional 2,159 shares in the last quarter. Braun Bostich & Associates Inc. acquired a new position in AT&T during the 1st quarter worth approximately $137,000. Elmwood Wealth Management Inc. acquired a new position in AT&T during the 1st quarter worth approximately $178,000. Cerebellum GP LLC acquired a new position in AT&T during the 2nd quarter worth approximately $178,000. Finally, Bristol John W & Co. Inc. NY acquired a new position in AT&T during the 1st quarter worth approximately $201,000. Institutional investors own 64.81% of the company’s stock.

NYSE:T opened at $31.04 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a 52 week low of $28.85 and a 52 week high of $39.33. The firm has a market capitalization of $190.06 billion, a PE ratio of 10.18, a PEG ratio of 2.47 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). AT&T had a net margin of 20.40% and a return on equity of 13.61%. The firm had revenue of $45.74 billion during the quarter, compared to the consensus estimate of $45.73 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 3.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date was Tuesday, October 9th. AT&T’s dividend payout ratio is currently 65.57%.

In other news, Director Michael B. Mccallister acquired 4,000 shares of AT&T stock in a transaction dated Friday, October 26th. The shares were bought at an average cost of $29.14 per share, with a total value of $116,560.00. Following the purchase, the director now owns 7,361 shares in the company, valued at approximately $214,499.54. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Several brokerages have issued reports on T. Argus restated a “buy” rating and issued a $48.00 price target on shares of AT&T in a research report on Friday, October 26th. Deutsche Bank upped their price target on shares of AT&T from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 24th. UBS Group upgraded shares of AT&T from a “neutral” rating to a “buy” rating and upped their price target for the company from $33.00 to $38.00 in a research report on Friday, September 21st. They noted that the move was a valuation call. Bank of America restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 21st. Finally, Scotiabank set a $33.00 price target on shares of AT&T and gave the company a “hold” rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and a consensus target price of $37.86.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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