AT&T Inc. (NYSE:T) Shares Acquired by Bell Bank

Bell Bank lifted its position in AT&T Inc. (NYSE:T - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,422 shares of the technology company's stock after purchasing an additional 63,420 shares during the period. AT&T comprises about 0.6% of Bell Bank's portfolio, making the stock its 27th biggest holding. Bell Bank's holdings in AT&T were worth $8,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the 3rd quarter worth $25,000. YANKCOM Partnership acquired a new position in shares of AT&T during the fourth quarter worth about $30,000. Ritter Daniher Financial Advisory LLC DE grew its stake 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 worth $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in AT&T in the fourth quarter valued at approximately $34,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the 3rd quarter valued at about $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE:T opened at $26.64 on Friday. The stock has a market capitalization of $191.19 billion, a PE ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.59. The firm has a fifty day simple moving average of $23.50 and a 200 day simple moving average of $22.28. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.72. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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 return on equity of 13.97% and a net margin of 8.95%. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. 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 report on Thursday, December 5th. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective on the stock. Finally, Sanford C. Bernstein raised their price target 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. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.33.

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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.