AT&T Inc. (NYSE:T) Stock Holdings Boosted by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,341,769 shares of the technology company's stock after purchasing an additional 427,364 shares during the quarter. AT&T accounts for 0.8% of Boothbay Fund Management LLC's holdings, making the stock its 10th biggest holding. Boothbay Fund Management LLC's holdings in AT&T were worth $30,552,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of AT&T during the 4th quarter worth $1,858,418,000. GQG Partners LLC boosted its stake in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Assetmark Inc. grew its holdings in shares of AT&T by 4,986.1% during the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after purchasing an additional 9,719,036 shares during the last quarter. Invesco Ltd. increased its position in AT&T by 18.2% during the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock worth $1,085,034,000 after purchasing an additional 7,347,354 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in AT&T in the 4th quarter valued at approximately $160,747,000. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday. DZ Bank upgraded 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. Scotiabank upped their price objective on AT&T from $29.00 to $29.50 and gave the company a "sector outperform" rating in a research note on Thursday. Finally, Tigress Financial boosted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.62.

AT&T Stock Down 2.7 %

AT&T stock traded down $0.73 during midday trading on Friday, reaching $26.80. The stock had a trading volume of 37,042,995 shares, compared to its average volume of 36,505,396. The company has a fifty day moving average price of $26.96 and a two-hundred day moving average price of $24.35. AT&T Inc. has a 12 month low of $16.73 and a 12 month high of $29.03. 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 company has a market capitalization of $192.38 billion, a P/E ratio of 17.99, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.14%. AT&T's payout ratio is presently 68.10%.

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.