AT&T Inc. (NYSE:T) Shares Purchased by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its stake in AT&T Inc. (NYSE:T) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,658 shares of the technology company’s stock after purchasing an additional 2,414 shares during the period. First Dallas Securities Inc.’s holdings in AT&T were worth $2,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Calamos Wealth Management LLC grew its stake in AT&T by 18.2% in the fourth quarter. Calamos Wealth Management LLC now owns 15,280 shares of the technology company’s stock worth $348,000 after purchasing an additional 2,354 shares in the last quarter. Columbus Macro LLC grew its stake in AT&T by 52.7% in the fourth quarter. Columbus Macro LLC now owns 94,989 shares of the technology company’s stock worth $2,163,000 after purchasing an additional 32,773 shares in the last quarter. Optas LLC grew its stake in AT&T by 5.2% in the fourth quarter. Optas LLC now owns 22,659 shares of the technology company’s stock worth $516,000 after purchasing an additional 1,124 shares in the last quarter. Hodges Capital Management Inc. grew its stake in AT&T by 5.6% in the fourth quarter. Hodges Capital Management Inc. now owns 48,927 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 2,573 shares in the last quarter. Finally, One Wealth Advisors LLC grew its stake in AT&T by 7.5% in the fourth quarter. One Wealth Advisors LLC now owns 17,061 shares of the technology company’s stock worth $388,000 after purchasing an additional 1,197 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 2.2 %

Shares of NYSE:T opened at $24.26 on Tuesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $22.92 and its 200 day simple moving average is $21.66. The firm has a market cap of $174.04 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Evercore ISI boosted 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. Finally, New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

AT&T Company 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.