Allworth Financial LP Has $31.78 Million Stock Position in AT&T Inc. (NYSE:T)

Allworth Financial LP grew its position in AT&T Inc. (NYSE:T - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,423,917 shares of the technology company's stock after purchasing an additional 11,113 shares during the period. Allworth Financial LP's holdings in AT&T were worth $31,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. AMF Tjanstepension AB raised its holdings in AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company's stock worth $33,918,000 after buying an additional 1,161,152 shares during the period. Creative Planning increased its position in shares of AT&T by 2.8% during the third quarter. Creative Planning now owns 1,564,777 shares of the technology company's stock worth $34,413,000 after acquiring an additional 43,218 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in shares of AT&T during the third quarter worth $317,000. Secure Asset Management LLC lifted its position in AT&T by 11.4% in the 3rd quarter. Secure Asset Management LLC now owns 40,539 shares of the technology company's stock valued at $892,000 after acquiring an additional 4,137 shares in the last quarter. Finally, Bar Harbor Wealth Management boosted its stake in AT&T by 2.2% in the 3rd quarter. Bar Harbor Wealth Management now owns 31,840 shares of the technology company's stock worth $700,000 after purchasing an additional 684 shares during the period. 57.10% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. Sanford C. Bernstein lifted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Evercore ISI raised their target price on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

AT&T Stock Performance

Shares of T traded up $0.16 during midday trading on Wednesday, reaching $26.23. 30,546,113 shares of the stock were exchanged, compared to its average volume of 37,993,578. The stock's 50 day simple moving average is $23.33 and its 200 day simple moving average is $22.17. The company has a market cap of $188.28 billion, a P/E ratio of 17.60, a PEG ratio of 2.96 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.35. 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 (NYSE:T - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts expect that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.23%. AT&T's payout ratio is 74.50%.

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.