Aire Advisors LLC Increases Stock Holdings in AT&T Inc. (NYSE:T)

Aire Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 124.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,389 shares of the technology company's stock after buying an additional 82,186 shares during the period. Aire Advisors LLC's holdings in AT&T were worth $3,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of T. International Assets Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $14,700,000. Franklin Resources Inc. boosted its position in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after purchasing an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp grew its stake in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC acquired a new position in AT&T during the 4th quarter valued at about $691,000. Finally, West Family Investments Inc. raised its stake in AT&T by 70.4% in the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after buying an additional 15,680 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE:T traded down $0.00 during trading on Friday, reaching $28.20. 35,072,594 shares of the company's stock traded hands, compared to its average volume of 36,189,161. The firm has a market cap of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.51. The company has a 50-day simple moving average of $25.70 and a 200-day simple moving average of $23.51. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current 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 annualized dividend and a yield of 3.94%. AT&T's dividend payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on T. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Tigress Financial boosted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their price target on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average price target of $26.79.

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.