First Horizon Advisors Inc. Purchases 10,815 Shares of AT&T Inc. (NYSE:T)

First Horizon Advisors Inc. lifted its position in AT&T Inc. (NYSE:T) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,626 shares of the technology company’s stock after acquiring an additional 10,815 shares during the quarter. First Horizon Advisors Inc.’s holdings in AT&T were worth $22,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in T. AMF Tjanstepension AB grew its stake in AT&T by 305.1% in the third 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 during the last quarter. Assenagon Asset Management S.A. grew its stake in AT&T by 1.3% in the third quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock valued at $6,824,000 after purchasing an additional 3,972 shares during the last quarter. Global Trust Asset Management LLC grew its stake in AT&T by 28.1% in the third quarter. Global Trust Asset Management LLC now owns 3,900 shares of the technology company’s stock valued at $86,000 after purchasing an additional 855 shares during the last quarter. West Michigan Advisors LLC purchased a new position in AT&T in the third quarter valued at about $249,000. Finally, Ballentine Partners LLC grew its stake in AT&T by 4.5% in the third quarter. Ballentine Partners LLC now owns 82,556 shares of the technology company’s stock valued at $1,816,000 after purchasing an additional 3,586 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 1.9 %

AT&T stock opened at $26.64 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $26.72. The company has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The stock has a 50-day moving average price of $23.50 and a 200 day moving average price of $22.30.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.