AT&T Inc. (NYSE:T) Shares Bought by Successful Portfolios LLC

Successful Portfolios LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,544 shares of the technology company’s stock after acquiring an additional 515 shares during the period. Successful Portfolios LLC’s holdings in AT&T were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Annex Advisory Services LLC raised its holdings in AT&T by 5.4% in the 4th quarter. Annex Advisory Services LLC now owns 16,912 shares of the technology company’s stock worth $385,000 after purchasing an additional 859 shares during the period. Kaydan Wealth Management Inc. raised its stake in shares of AT&T by 3.0% during the 4th quarter. Kaydan Wealth Management Inc. now owns 18,576 shares of the technology company’s stock worth $423,000 after buying an additional 539 shares during the period. Grove Bank & Trust lifted its position in shares of AT&T by 10.2% during the 4th quarter. Grove Bank & Trust now owns 12,434 shares of the technology company’s stock valued at $283,000 after buying an additional 1,153 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in AT&T in the 4th quarter valued at $276,000. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in AT&T by 1.9% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 378,468 shares of the technology company’s stock worth $8,618,000 after acquiring an additional 6,917 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on T. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. Sanford C. Bernstein began 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, Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Stock Up 1.2 %

T stock opened at $22.30 on Monday. The firm has a market cap of $159.97 billion, a PE ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm’s 50 day moving average price is $22.79 and its 200-day moving average price is $21.33.

AT&T (NYSE:T) last announced its quarterly 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. The business 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 company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

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.