Crestwood Advisors Group LLC Boosts Holdings in AT&T Inc. (NYSE:T)

Crestwood Advisors Group LLC boosted its position in AT&T Inc. (NYSE:T) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,881 shares of the technology company’s stock after purchasing an additional 3,086 shares during the quarter. Crestwood Advisors Group LLC’s holdings in AT&T were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of T. AMF Tjanstepension AB raised its position in shares of AT&T by 305.1% during 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 in the last quarter. Assenagon Asset Management S.A. raised its position in shares of AT&T by 1.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock valued at $6,824,000 after buying an additional 3,972 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of AT&T by 23.1% during the 3rd quarter. Modera Wealth Management LLC now owns 56,875 shares of the technology company’s stock valued at $1,251,000 after buying an additional 10,654 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in AT&T by 28.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 40,366 shares of the technology company’s stock worth $888,000 after purchasing an additional 8,928 shares during the period. Finally, Orrstown Financial Services Inc. purchased a new position in AT&T in the 3rd quarter worth $359,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.4 %

Shares of T opened at $26.65 on Wednesday. The firm’s 50-day moving average price is $23.65 and its 200-day moving average price is $22.43. The firm has a market capitalization of $191.26 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59. 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 $27.16.

AT&T (NYSE:T) last announced its 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%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on T shares. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. Oppenheimer started coverage on shares of 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, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.