OneAscent Financial Services LLC Acquires 5,750 Shares of AT&T Inc. (NYSE:T)

OneAscent Financial Services LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,569 shares of the technology company’s stock after acquiring an additional 5,750 shares during the quarter. OneAscent Financial Services LLC’s holdings in AT&T were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in T. Paloma Partners Management Co increased its holdings in AT&T by 141.8% in the 3rd quarter. Paloma Partners Management Co now owns 31,038 shares of the technology company’s stock valued at $683,000 after buying an additional 105,338 shares during the period. Benjamin Edwards Inc. boosted its position in shares of AT&T by 1,855.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 92,810 shares of the technology company’s stock worth $2,042,000 after acquiring an additional 88,064 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of AT&T by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 2,477,287 shares of the technology company’s stock worth $54,509,000 after acquiring an additional 208,775 shares in the last quarter. Janus Henderson Group PLC increased its stake in AT&T by 24.5% in the third quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company’s stock valued at $15,413,000 after acquiring an additional 138,100 shares during the last quarter. Finally, Pingora Partners LLC lifted its stake in AT&T by 1.4% during the third quarter. Pingora Partners LLC now owns 141,443 shares of the technology company’s stock worth $3,112,000 after purchasing an additional 2,000 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of several recent analyst reports. Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup boosted their target price on AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Tigress Financial upped their price objective 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. Finally, Barclays raised their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.21.

AT&T Stock Down 1.2 %

AT&T stock opened at $28.13 on Thursday. The firm has a 50 day moving average price of $26.06 and a two-hundred day moving average price of $23.67. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61. The firm has a market cap of $201.92 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.56.

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, topping 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%. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. AT&T’s payout ratio is 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.