AT&T Inc. (NYSE:T) Position Raised by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP boosted its stake in AT&T Inc. (NYSE:T - Free Report) by 66.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500,000 shares of the technology company's stock after acquiring an additional 600,000 shares during the period. AT&T accounts for approximately 5.0% of Ardmore Road Asset Management LP's holdings, making the stock its 5th biggest holding. Ardmore Road Asset Management LP's holdings in AT&T were worth $34,155,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in T. Private Portfolio Partners LLC lifted its holdings in shares of AT&T by 4.9% during the fourth quarter. Private Portfolio Partners LLC now owns 18,144 shares of the technology company's stock valued at $413,000 after purchasing an additional 841 shares during the last quarter. Intrepid Capital Management Inc. lifted its stake in shares of AT&T by 21.8% in the fourth quarter. Intrepid Capital Management Inc. now owns 18,073 shares of the technology company's stock worth $412,000 after buying an additional 3,234 shares in the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $259,000. Meeder Advisory Services Inc. lifted its position in AT&T by 12.3% in the 4th quarter. Meeder Advisory Services Inc. now owns 129,123 shares of the technology company's stock valued at $2,940,000 after acquiring an additional 14,133 shares in the last quarter. Finally, Alliance Wealth Management Group increased its holdings in shares of AT&T by 1.8% in the 4th quarter. Alliance Wealth Management Group now owns 27,572 shares of the technology company's stock worth $628,000 after purchasing an additional 496 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

T has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Oppenheimer upped their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group upped their price target on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $27.21.

AT&T Stock Down 1.2 %

Shares of T stock traded down $0.35 during trading hours on Wednesday, reaching $28.13. 41,502,659 shares of the company's stock were exchanged, compared to its average volume of 36,297,817. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.61. 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 stock has a market cap of $201.92 billion, a PE ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.56. The stock's fifty day moving average price is $26.06 and its two-hundred day moving average price is $23.67.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is 74.50%.

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.