Park Edge Advisors LLC Acquires 43,047 Shares of AT&T Inc. $T

Park Edge Advisors LLC increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 94.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,573 shares of the technology company's stock after purchasing an additional 43,047 shares during the period. Park Edge Advisors LLC's holdings in AT&T were worth $2,501,000 as of its most recent SEC filing.Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart BuyOther institutional investors have also added to or reduced their stakes in the company. Denali Advisors LLC increased its stake in AT&T by 5.9% in the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company's stock worth $11,606,000 after acquiring an additional 22,394 shares during the last quarter. Tredje AP fonden grew its holdings in shares of AT&T by 1.8% in the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company's stock valued at $35,347,000 after purchasing an additional 21,720 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in AT&T by 1.5% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company's stock worth $9,380,000 after purchasing an additional 4,793 shares during the last quarter. Kickstand Ventures LLC. bought a new stake in AT&T in the second quarter worth $489,000. Finally, Sentry Investment Management LLC lifted its position in AT&T by 153.2% during the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company's stock valued at $625,000 after purchasing an additional 13,370 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors. AT&T Trading Down 0.5%Shares of NYSE T opened at $24.24 on Friday. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The company has a market cap of $171.85 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.43 and a beta of 0.38. The business's 50 day moving average price is $25.26 and its 200-day moving average price is $27.17. The Chip Boom Is Back: 3 Stocks Positioned for Huge GainsAT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The company had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same quarter in the prior year, the company posted $0.60 EPS. AT&T's quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year. AT&T Announces DividendThe business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, January 12th. AT&T's dividend payout ratio (DPR) is currently 36.04%. Analyst Upgrades and DowngradesAST SpaceMobile Gears Up for Its BlueBird 6 Launch Next WeekA number of analysts have recently weighed in on T shares. TD Cowen boosted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, October 23rd. Scotiabank set a $30.25 price target on AT&T and gave the stock a "sector perform" rating in a research report on Monday, October 6th. The Goldman Sachs Group began coverage on AT&T in a research report on Tuesday, September 2nd. They set a "buy" rating and a $32.00 price objective on the stock. Morgan Stanley lowered their price objective on AT&T from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of AT&T in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $30.55.View Our Latest Research Report on TAbout AT&T (Free Report)AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.Recommended StoriesFive stocks we like better than AT&T3 Dividend Kings To ConsiderQualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?How to Use the MarketBeat Excel Dividend CalculatorBroadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500Special Purpose Acquisition Company (SPAC) What You Need to Know Forget the Chips: 4 Industrial Plays for the AI ReboundWant to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AT&T Right Now?Before you consider AT&T, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here