TFC Financial Management Inc. Acquires 1,499 Shares of AT&T Inc. (NYSE:T)

TFC Financial Management Inc. increased its holdings in shares of AT&T Inc. (NYSE:T) by 44.8% during the fourth quarter, Holdings Channel reports. The fund owned 4,842 shares of the technology company’s stock after purchasing an additional 1,499 shares during the period. TFC Financial Management Inc.’s holdings in AT&T were worth $110,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AMF Tjanstepension AB boosted its position in AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares during the last quarter. ORG Wealth Partners LLC bought a new position in AT&T in the 3rd quarter valued at $72,000. Creative Planning boosted its position in AT&T by 2.8% in the 3rd quarter. Creative Planning now owns 1,564,777 shares of the technology company’s stock valued at $34,413,000 after buying an additional 43,218 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $257,000. Finally, Swedbank AB lifted its stake in shares of AT&T by 7.1% in the 3rd quarter. Swedbank AB now owns 3,299,715 shares of the technology company’s stock valued at $72,594,000 after purchasing an additional 219,382 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of a number of analyst reports. Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company cut their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Evercore ISI raised their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $26.21.

AT&T Stock Up 0.9 %

NYSE T opened at $25.37 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $25.38. The company has a 50 day moving average of $23.11 and a 200-day moving average of $21.94. The company has a market cap of $182.04 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts expect that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio 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.