RFG Bristol Wealth Advisors LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,355 shares of the technology company's stock, valued at approximately $259,000.
Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at $1,858,418,000. GQG Partners LLC grew its stake in AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. Assetmark Inc. grew its stake in AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares during the last quarter. Vanguard Group Inc. raised its holdings in AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after acquiring an additional 5,649,277 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on T shares. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Citigroup lifted their target price on AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada increased their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $27.21.
Get Our Latest Analysis on T
AT&T Price Performance
Shares of T traded up $0.45 during trading hours on Thursday, reaching $28.59. The stock had a trading volume of 48,884,863 shares, compared to its average volume of 36,341,050. 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 12 month low of $15.94 and a 12 month high of $29.01. The stock has a market capitalization of $205.20 billion, a PE ratio of 19.19, a PEG ratio of 3.00 and a beta of 0.56. The company's 50-day moving average is $26.18 and its two-hundred day moving average is $23.70.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Research analysts expect 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. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is 74.50%.
About AT&T
(
Free Report)
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.
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