McClarren Financial Advisors Inc. Purchases New Holdings in AT&T Inc. (NYSE:T)

McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,580 shares of the technology company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in shares of 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 purchasing an additional 1,161,152 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in AT&T in the third quarter valued at about $72,000. Creative Planning raised its stake in AT&T by 2.8% during the third 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 in the last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new position in AT&T during the 3rd quarter worth approximately $257,000. Finally, Swedbank AB grew its position 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 worth $72,594,000 after acquiring an additional 219,382 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on T. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Evercore ISI boosted their target price on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank lifted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Trading Up 0.9 %

NYSE:T opened at $25.37 on Thursday. The stock 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. 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 1 year low of $15.94 and a 1 year high of $25.38. The business has a fifty day moving average of $23.11 and a 200-day moving average of $21.94.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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%. Equities analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.38%. AT&T’s dividend payout ratio is presently 74.50%.

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.