Acorns Advisers LLC Takes $217,000 Position in AT&T Inc. (NYSE:T)

Acorns Advisers LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,532 shares of the technology company's stock, valued at approximately $217,000.

Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. raised its stake in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares during the period. 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 valued at $30,000 after acquiring an additional 430 shares in the last quarter. Whittier Trust Co. raised its position in shares of AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after purchasing an additional 433 shares during the period. Wealthstream Advisors Inc. lifted its holdings in shares of AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Northeast Investment Management grew its position in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after purchasing an additional 451 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T traded up $0.10 during mid-day trading on Friday, hitting $27.12. The stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,672,389. AT&T Inc. has a 52 week low of $16.09 and a 52 week high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business has a fifty day moving average price of $26.80 and a 200-day moving average price of $24.11. The firm has a market cap of $194.67 billion, a P/E ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.09%. AT&T's dividend payout ratio is 74.50%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on T. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Scotiabank increased their price objective on AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, April 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.24.

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.