FCG Investment Co Has $348,000 Holdings in AT&T Inc. (NYSE:T)

FCG Investment Co increased its holdings in AT&T Inc. (NYSE:T) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,286 shares of the technology company’s stock after buying an additional 3,122 shares during the period. FCG Investment Co’s holdings in AT&T were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. Secure Asset Management LLC raised its stake in AT&T by 10.0% in the fourth quarter. Secure Asset Management LLC now owns 44,599 shares of the technology company’s stock valued at $1,016,000 after purchasing an additional 4,060 shares in the last quarter. Red Door Wealth Management LLC increased its holdings in AT&T by 5.2% in the 4th quarter. Red Door Wealth Management LLC now owns 34,443 shares of the technology company’s stock valued at $784,000 after buying an additional 1,717 shares during the period. Donoghue Forlines LLC acquired a new position in shares of AT&T in the 4th quarter valued at approximately $3,580,000. Beacon Investment Advisory Services Inc. raised its position in shares of AT&T by 58.1% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 39,670 shares of the technology company’s stock valued at $903,000 after buying an additional 14,584 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the 4th quarter worth approximately $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 0.9 %

Shares of T opened at $22.51 on Friday. The stock’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $21.40. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a market capitalization of $161.54 billion, a PE ratio of 18.30, a PEG ratio of 3.50 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. On average, analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. Sanford C. Bernstein initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Royal Bank of Canada raised shares of 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 report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.