AT&T Inc. (NYSE:T) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,632,607 shares of the technology company's stock after acquiring an additional 5,329,647 shares during the quarter. Alliancebernstein L.P. owned approximately 0.26% of AT&T worth $424,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. lifted its stake in shares of 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 purchasing an additional 421 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings 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 worth $30,000 after purchasing an additional 430 shares in the last quarter. Whittier Trust Co. lifted 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 valued at $1,352,000 after buying an additional 433 shares during the last quarter. Wealthstream Advisors Inc. grew its position 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 buying an additional 444 shares during the last quarter. Finally, Northeast Investment Management grew its position in shares of AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after buying an additional 451 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several brokerages have weighed in on T. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Citigroup raised their price target on AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday. Finally, Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $27.21.

AT&T Stock Performance

NYSE:T traded down $1.26 during trading hours on Friday, reaching $27.34. The company had a trading volume of 18,772,880 shares, compared to its average volume of 36,290,981. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.03. The business's 50 day moving average price is $26.18 and its 200-day moving average price is $23.70. The firm has a market cap of $196.27 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

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, 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%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 4.06%. AT&T's dividend payout ratio is presently 74.50%.

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.