Berkshire Money Management Inc. Increases Position in AT&T Inc. (NYSE:T)

Berkshire Money Management Inc. increased its holdings in shares of AT&T Inc. (NYSE:T) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,896 shares of the technology company’s stock after buying an additional 3,071 shares during the quarter. Berkshire Money Management Inc.’s holdings in AT&T were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in shares of AT&T by 29.4% in the 4th quarter. Fisher Asset Management LLC now owns 130,844 shares of the technology company’s stock worth $2,196,000 after purchasing an additional 29,757 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in AT&T by 7.5% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 29,340 shares of the technology company’s stock worth $516,000 after acquiring an additional 2,036 shares in the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of AT&T during the first quarter worth approximately $240,000. Wedmont Private Capital grew its holdings in shares of AT&T by 5.9% during the 1st quarter. Wedmont Private Capital now owns 55,360 shares of the technology company’s stock valued at $936,000 after acquiring an additional 3,060 shares in the last quarter. Finally, American National Bank increased its position in AT&T by 12.5% in the 1st quarter. American National Bank now owns 36,704 shares of the technology company’s stock worth $646,000 after purchasing an additional 4,082 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $21.74 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The firm has a market cap of $155.84 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 3.63 and a beta of 0.60. AT&T Inc. has a 1-year low of $14.31 and a 1-year high of $22.34. The stock has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $18.93.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.11%. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent analyst reports. Tigress Financial upped their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Moffett Nathanson raised their price objective on AT&T from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Scotiabank lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, Oppenheimer increased their price target on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.69.

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.