Metis Global Partners LLC Has $6.29 Million Holdings in AT&T Inc. (NYSE:T)

Metis Global Partners LLC increased its position in shares of AT&T Inc. (NYSE:T) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,242 shares of the technology company’s stock after acquiring an additional 22,030 shares during the quarter. Metis Global Partners LLC’s holdings in AT&T were worth $6,290,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Providence First Trust Co acquired a new stake in shares of AT&T during the fourth quarter valued at approximately $996,000. Sims Investment Management LLC acquired a new position in AT&T in the 4th quarter valued at approximately $148,000. SVB Wealth LLC acquired a new position in AT&T in the 4th quarter valued at approximately $3,273,000. Flputnam Investment Management Co. increased its stake in AT&T by 6.0% in the 4th quarter. Flputnam Investment Management Co. now owns 151,774 shares of the technology company’s stock valued at $3,456,000 after buying an additional 8,543 shares during the period. Finally, Tower Bridge Advisors increased its stake in AT&T by 2.5% in the 4th quarter. Tower Bridge Advisors now owns 20,632 shares of the technology company’s stock valued at $470,000 after buying an additional 507 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Argus upgraded shares of 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. Royal Bank of Canada boosted their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Price Performance

Shares of AT&T stock opened at $27.45 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.49. The firm has a fifty day moving average price of $23.91 and a two-hundred day moving average price of $22.54. The company has a market cap of $197.01 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.