MONECO Advisors LLC Buys 20,285 Shares of AT&T Inc. (NYSE:T)

MONECO Advisors LLC lifted its stake in AT&T Inc. (NYSE:T) by 46.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,407 shares of the technology company’s stock after acquiring an additional 20,285 shares during the quarter. MONECO Advisors LLC’s holdings in AT&T were worth $1,467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after purchasing an additional 1,161,152 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in AT&T by 1.3% during the third quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock worth $6,824,000 after purchasing an additional 3,972 shares during the period. Mediolanum International Funds Ltd increased its position in AT&T by 7.1% during the third quarter. Mediolanum International Funds Ltd now owns 53,976 shares of the technology company’s stock worth $1,180,000 after buying an additional 3,561 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in AT&T by 22.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 476,079 shares of the technology company’s stock valued at $10,393,000 after buying an additional 85,699 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its stake in AT&T by 44.7% in the third quarter. NorthCrest Asset Manangement LLC now owns 74,752 shares of the technology company’s stock valued at $1,645,000 after buying an additional 23,098 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Citigroup increased their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Finally, Barclays increased their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 1.9 %

T stock opened at $26.64 on Monday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.72. The business has a 50-day simple moving average of $23.50 and a 200 day simple moving average of $22.32. 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 has a market cap of $191.19 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is presently 74.50%.

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.