Dynamic Advisor Solutions LLC Acquires 4,831 Shares of AT&T Inc. (NYSE:T)

Dynamic Advisor Solutions LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 2.9% in the fourth quarter, HoldingsChannel reports. The fund owned 173,796 shares of the technology company’s stock after purchasing an additional 4,831 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in AT&T were worth $3,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of T. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the 4th quarter valued at $34,000. Reston Wealth Management LLC bought a new stake in AT&T during the third quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T in the third quarter valued at about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Up 0.7 %

Shares of T opened at $22.69 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $21.44. The company has a market cap of $162.77 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. As a group, analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Ratings Changes

T has been the subject of several research analyst reports. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Evercore ISI upped their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, Citigroup boosted their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Profile

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.