Level Four Advisory Services LLC Has $3.19 Million Holdings in AT&T Inc. (NYSE:T)

Level Four Advisory Services LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,923 shares of the technology company’s stock after acquiring an additional 4,202 shares during the quarter. Level Four Advisory Services LLC’s holdings in AT&T were worth $3,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the fourth quarter worth $28,000. Tradewinds Capital Management LLC increased its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the 4th quarter valued at $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter valued at $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on T shares. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Scotiabank boosted their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T Stock Performance

Shares of AT&T stock opened at $28.20 on Friday. The business has a 50-day simple moving average of $25.70 and a 200 day simple moving average of $23.51. The firm has a market capitalization of $202.40 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. 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 one year low of $15.94 and a one year high of $28.51.

AT&T (NYSE:T) last released its quarterly 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 net margin of 8.95% and a return on equity of 13.97%. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

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.