Bartlett & CO. Wealth Management LLC Purchases 949 Shares of AT&T Inc. (NYSE:T)

Bartlett & CO. Wealth Management LLC boosted its position in AT&T Inc. (NYSE:T) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,601 shares of the technology company’s stock after purchasing an additional 949 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in AT&T were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of T. Fisher Asset Management LLC boosted its holdings in AT&T by 29.4% during the 4th quarter. Fisher Asset Management LLC now owns 130,844 shares of the technology company’s stock valued at $2,196,000 after acquiring an additional 29,757 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of AT&T by 16.9% during the first quarter. Salem Investment Counselors Inc. now owns 32,833 shares of the technology company’s stock valued at $578,000 after purchasing an additional 4,750 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of AT&T in the first quarter worth about $160,000. CHICAGO TRUST Co NA increased its stake in AT&T by 1.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 55,108 shares of the technology company’s stock worth $970,000 after buying an additional 1,054 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in AT&T by 12.3% in the 1st quarter. AdvisorNet Financial Inc now owns 20,002 shares of the technology company’s stock valued at $352,000 after buying an additional 2,186 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on T. Moffett Nathanson lifted their price target on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Daiwa America raised shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Barclays boosted their price target on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada increased their price objective on shares of AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.69.

AT&T Price Performance

Shares of T opened at $21.85 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. The company’s fifty day moving average price is $20.95 and its 200-day moving average price is $18.97. AT&T Inc. has a 1-year low of $14.74 and a 1-year high of $22.34. The firm has a market capitalization of $156.67 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 3.63 and a beta of 0.60.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s payout ratio is 59.68%.

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.