The AT&T Inc. (T) Shares Bought by Wealthsource Partners LLC

The AT&T Inc. (T) Shares Bought by Wealthsource Partners LLC

Wealthsource Partners LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 21.5% during the third quarter, Holdings Channel reports. The fund owned 36,389 shares of the company’s stock after buying an additional 6,447 shares during the period. Wealthsource Partners LLC’s holdings in AT&T were worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. River & Mercantile Asset Management LLP raised its stake in shares of AT&T by 2,502.5% in the second quarter. River & Mercantile Asset Management LLP now owns 52,050 shares of the company’s stock valued at $2,109,000 after buying an additional 50,050 shares during the period. Trust Co. of Oklahoma raised its stake in shares of AT&T by 41.7% in the second quarter. Trust Co. of Oklahoma now owns 15,669 shares of the company’s stock valued at $677,000 after buying an additional 4,615 shares during the period. Cape Cod Five Cents Savings Bank raised its stake in shares of AT&T by 1.1% in the second quarter. Cape Cod Five Cents Savings Bank now owns 144,952 shares of the company’s stock valued at $6,263,000 after buying an additional 1,556 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of AT&T by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 2,414,741 shares of the company’s stock valued at $104,340,000 after buying an additional 197,537 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its stake in shares of AT&T by 9.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 328,918 shares of the company’s stock valued at $14,213,000 after buying an additional 29,392 shares during the period. 52.77% of the stock is owned by institutional investors.

Shares of AT&T Inc. (NYSE:T) traded up 0.49% during mid-day trading on Thursday, reaching $41.00. 16,688,111 shares of the company were exchanged. The company’s 50-day moving average is $41.23 and its 200 day moving average is $40.52. The firm has a market capitalization of $251.78 billion, a price-to-earnings ratio of 17.44 and a beta of 0.37. AT&T Inc. has a 12 month low of $33.79 and a 12 month high of $43.89.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.78%. This is a positive change from AT&T’s previous quarterly dividend of $0.48. AT&T’s dividend payout ratio (DPR) is currently 83.40%.

A number of research firms recently weighed in on T. Vetr lowered shares of AT&T from a “hold” rating to a “sell” rating and set a $41.10 price target on the stock. in a research report on Thursday, December 22nd. Barclays PLC restated a “buy” rating and set a $45.00 price target on shares of AT&T in a research report on Monday, September 26th. HSBC upgraded shares of AT&T from a “reduce” rating to a “hold” rating and set a $38.00 price target on the stock in a research report on Monday, September 26th. Jefferies Group restated a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Monday. Finally, Deutsche Bank AG restated a “hold” rating and set a $43.00 price target (down from $44.00) on shares of AT&T in a research report on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.40.

In other news, Director Geoffrey Y. Yang bought 27,129 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were acquired at an average price of $36.91 per share, with a total value of $1,001,331.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

About AT&T

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

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