Advisory Services Network LLC Has $9.11 Million Stake in AT&T Inc. (NYSE:T)

Advisory Services Network LLC raised its stake in AT&T Inc. (NYSE:T - Free Report) by 31.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 400,205 shares of the technology company's stock after purchasing an additional 96,684 shares during the period. Advisory Services Network LLC's holdings in AT&T were worth $9,113,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter valued at $28,000. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC boosted its stake in AT&T by 48.6% in 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 during the period. Endeavor Private Wealth Inc. acquired a new position in AT&T in the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T during the 4th quarter worth approximately $35,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Up 1.5 %

Shares of NYSE T traded up $0.40 during mid-day trading on Friday, hitting $26.79. 32,053,085 shares of the company traded hands, compared to its average volume of 36,892,644. 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 1 year low of $15.94 and a 1 year high of $29.03. The stock has a market capitalization of $192.29 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 3.00 and a beta of 0.42. The business has a 50 day moving average of $26.59 and a two-hundred day moving average of $23.99.

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AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio is 74.50%.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Wednesday, January 29th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Royal Bank of Canada increased their price objective on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Finally, Scotiabank lifted their target price on AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.

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.