One Way Holdings LLC Acquires 733,835 Shares of AT&T Inc. $T

Key Points

• One Way Holdings LLC increased its AT&T position by 5,534.6% in the third quarter, purchasing 733,835 additional shares and ending with 747,094 shares valued at approximately $18.2 million.
• Institutional ownership remains significant at 57.1%, while analyst sentiment is generally positive: AT&T has a “Moderate Buy” consensus rating and an average price target of $28.55.
• AT&T exceeded quarterly earnings and revenue expectations, reporting $0.65 EPS and $32.32 billion in revenue. The company also announced a quarterly dividend of $0.2775 per share, representing a 5.2% annualized yield.

One Way Holdings LLC raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 5,534.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 747,094 shares of the technology company's stock after purchasing an additional 733,835 shares during the quarter. One Way Holdings LLC's holdings in AT&T were worth $18,229,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Lifetime Wealth Management P.C. bought a new stake in AT&T during the 3rd quarter valued at about $223,000. Trek Financial LLC raised its stake in shares of AT&T by 557.7% during the third quarter. Trek Financial LLC now owns 135,782 shares of the technology company's stock valued at $3,313,000 after acquiring an additional 115,138 shares in the last quarter. Security Financial Services INC. bought a new stake in shares of AT&T during the third quarter valued at approximately $205,000. Woodmont Investment Counsel LLC boosted its holdings in shares of AT&T by 7.2% in the third quarter. Woodmont Investment Counsel LLC now owns 23,460 shares of the technology company's stock valued at $572,000 after purchasing an additional 1,573 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of AT&T by 6.8% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 816,612 shares of the technology company's stock valued at $19,933,000 after purchasing an additional 52,029 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on T. Scotiabank decreased their price objective on AT&T from $27.50 to $26.50 and set a "sector perform" rating for the company in a report on Friday, October 9th. Argus restated a "buy" rating and issued a $30.00 price target on shares of AT&T in a report on Thursday, October 22nd. Morgan Stanley lowered their price target on shares of AT&T from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, October 22nd. TD Cowen reiterated a "hold" rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $28.55.

AT&T Stock Performance

Shares of AT&T stock opened at $21.45 on Monday. The company has a 50 day moving average price of $24.36 and a 200 day moving average price of $24.96. The firm has a market capitalization of $144.50 billion, a P/E ratio of 11.59, a PEG ratio of 1.06 and a beta of 0.30. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. AT&T's revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.2%. AT&T's payout ratio is 60.00%.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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