Gilbert & Cook Inc. raised its holdings in AT&T Inc. (NYSE:T – Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,913 shares of the technology company’s stock after buying an additional 873 shares during the period. Gilbert & Cook Inc.’s holdings in AT&T were worth $772,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new stake in AT&T in the fourth quarter valued at $34,000. Reston Wealth Management LLC acquired a new position in shares of AT&T during the third quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is owned by institutional investors.
AT&T Stock Down 1.3 %
AT&T stock traded down $0.31 during trading on Thursday, hitting $23.92. 4,157,575 shares of the company were exchanged, compared to its average volume of 37,139,805. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The company has a market capitalization of $171.64 billion, a P/E ratio of 19.46, a PEG ratio of 3.50 and a beta of 0.59. The business’s 50 day moving average is $22.89 and its 200 day moving average is $21.57. 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 Announces Dividend
The business also recently declared 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. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.64%. AT&T’s dividend payout ratio is currently 90.24%.
Analysts Set New Price Targets
A number of brokerages recently commented on T. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Sanford C. Bernstein lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.
View Our Latest Stock Report on AT&T
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.
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