GHP Investment Advisors Inc. Buys 1,940 Shares of AT&T Inc. (NYSE:T)

GHP Investment Advisors Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,314 shares of the technology company’s stock after buying an additional 1,940 shares during the period. GHP Investment Advisors Inc.’s holdings in AT&T were worth $337,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davidson Kempner Capital Management LP acquired a new stake in shares of AT&T during the second quarter worth $23,888,000. Talbot Financial LLC bought a new position in AT&T during the third quarter worth about $7,438,000. Mackenzie Financial Corp raised its stake in AT&T by 12.2% in the 2nd quarter. Mackenzie Financial Corp now owns 2,641,856 shares of the technology company’s stock worth $50,486,000 after purchasing an additional 288,093 shares in the last quarter. DRW Securities LLC boosted its holdings in AT&T by 642.2% in the 2nd quarter. DRW Securities LLC now owns 104,309 shares of the technology company’s stock valued at $1,997,000 after purchasing an additional 90,255 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of AT&T by 4.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,037,529 shares of the technology company’s stock worth $19,827,000 after purchasing an additional 43,062 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the subject of several recent research reports. Moffett Nathanson boosted their price target on AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $22.00 target price on shares of AT&T in a research report on Thursday. JPMorgan Chase & Co. raised their price target on AT&T from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Oppenheimer upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, TD Cowen increased their price objective on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $23.40.

AT&T Price Performance

Shares of T opened at $21.83 on Monday. The business has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $19.15. AT&T Inc. has a 12-month low of $14.74 and a 12-month high of $22.58. The stock has a market cap of $156.52 billion, a PE ratio of 11.74, a PEG ratio of 3.67 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last issued its quarterly earnings data 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 10.41% and a return on equity of 14.16%. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the business earned $0.64 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

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.