AT&T Inc. (NYSE:T) Shares Purchased by Americana Partners LLC

Americana Partners LLC boosted its position in AT&T Inc. (NYSE:T - Free Report) by 570.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 766,467 shares of the technology company's stock after purchasing an additional 652,181 shares during the quarter. Americana Partners LLC's holdings in AT&T were worth $17,452,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter valued at about $25,000. YANKCOM Partnership acquired a new position in shares of AT&T during the fourth quarter valued at about $30,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter valued at about $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the third quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE:T traded down $0.06 during midday trading on Thursday, reaching $26.18. 32,739,723 shares of the company's stock traded hands, compared to its average volume of 37,834,594. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.35. The company has a market cap of $187.95 billion, a P/E ratio of 17.57, a PEG ratio of 2.99 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $22.20.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.24%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Finally, Evercore ISI increased their price target 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. One 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

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.