Sheaff Brock Investment Advisors LLC Has $1.44 Million Holdings in AT&T Inc. (NYSE:T)

Sheaff Brock Investment Advisors LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,383 shares of the technology company’s stock after selling 770 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in AT&T were worth $1,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in AT&T during the fourth quarter worth approximately $14,700,000. Swiss National Bank increased its stake in shares of AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after purchasing an additional 104,700 shares during the period. Franklin Resources Inc. lifted its holdings in AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Caprock Group LLC boosted its stake in AT&T by 18.3% in the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares during the period. Finally, Fortress Financial Solutions LLC acquired a new position in AT&T in the 4th quarter valued at $691,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $25.88 on Friday. The stock has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $25.93. The company’s fifty day moving average is $23.23 and its 200 day moving average is $22.04. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.29%. AT&T’s payout ratio is 74.50%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given 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 $26.33.

About AT&T

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.