Advyzon Investment Management LLC Buys New Shares in AT&T Inc. (NYSE:T)

Advyzon Investment Management LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,737 shares of the technology company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in AT&T in the fourth quarter valued at $14,700,000. Swiss National Bank raised its holdings in shares of AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock valued at $468,217,000 after purchasing an additional 104,700 shares during the period. Franklin Resources Inc. raised its holdings in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the period. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after purchasing an additional 21,927 shares during the period. Finally, Caprock Group LLC raised its holdings in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after purchasing an additional 30,281 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T stock traded up $0.49 during trading on Friday, reaching $26.64. 58,384,223 shares of the company's stock traded hands, compared to its average volume of 38,439,449. The company has a market capitalization of $191.19 billion, a P/E ratio of 17.88, a PEG ratio of 3.01 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm's 50-day moving average is $23.44 and its 200 day moving average is $22.23. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.72.

AT&T (NYSE:T - Get Free Report) last posted its earnings results 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 net margin of 8.95% and a return on equity of 13.97%. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on T shares. DZ Bank 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 Wednesday, January 29th. Evercore ISI upped their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their target price on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

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.