AT&T Inc. (NYSE:T) Stock Holdings Increased by Capital Performance Advisors LLP

Capital Performance Advisors LLP lifted its stake in AT&T Inc. (NYSE:T) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,649 shares of the technology company’s stock after purchasing an additional 1,861 shares during the quarter. Capital Performance Advisors LLP’s holdings in AT&T were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership bought a new position in AT&T during the fourth quarter valued at approximately $30,000. Endeavor Private Wealth Inc. bought a new position in AT&T during the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC bought a new position in AT&T during the third quarter valued at approximately $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on T. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 1.0 %

T opened at $25.88 on Monday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $25.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm’s fifty day moving average price is $23.23 and its two-hundred day moving average price is $22.06. The company has a market capitalization of $185.66 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. On average, analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.29%. 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.