HBW Advisory Services LLC Acquires 1,509 Shares of AT&T Inc. (NYSE:T)

HBW Advisory Services LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,792 shares of the technology company’s stock after acquiring an additional 1,509 shares during the period. HBW Advisory Services LLC’s holdings in AT&T were worth $4,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted its holdings in shares of AT&T by 7.7% in the fourth quarter. ST Germain D J Co. Inc. now owns 22,573 shares of the technology company’s stock valued at $514,000 after purchasing an additional 1,620 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AT&T by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,600,080 shares of the technology company’s stock valued at $35,202,000 after purchasing an additional 7,048 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of AT&T in the fourth quarter valued at about $14,700,000. Park National Corp OH lifted its holdings in shares of AT&T by 1.1% in the fourth quarter. Park National Corp OH now owns 62,854 shares of the technology company’s stock valued at $1,431,000 after purchasing an additional 677 shares in the last quarter. Finally, Peoples Bank KS lifted its holdings in shares of AT&T by 5.1% in the fourth quarter. Peoples Bank KS now owns 30,238 shares of the technology company’s stock valued at $688,000 after purchasing an additional 1,475 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock traded down $0.36 on Friday, hitting $21.54. The stock had a trading volume of 24,240,920 shares, compared to its average volume of 30,768,344. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The business’s 50 day moving average is $22.82 and its two-hundred day moving average is $21.18. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock has a market cap of $154.56 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts forecast that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

Analyst Ratings Changes

A number of brokerages have recently commented on T. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Wells Fargo & Company dropped their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein started coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.76.

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.