AT&T Inc. (NYSE:T) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 157,208 shares of the technology company's stock after buying an additional 11,937 shares during the period. Foster & Motley Inc.'s holdings in AT&T were worth $3,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% in the 3rd 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. bought a new position in shares of AT&T during the 4th quarter valued at about $34,000. Reston Wealth Management LLC purchased a new position in shares of AT&T during the third quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the third quarter worth about $35,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 0.1 %

Shares of T traded down $0.04 during midday trading on Thursday, hitting $24.20. The company had a trading volume of 24,355,753 shares, compared to its average volume of 38,275,590. The company's 50-day simple moving average is $22.89 and its 200-day simple moving average is $21.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98. The firm has a market capitalization of $173.61 billion, a P/E ratio of 19.69, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. As a group, sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.59%. AT&T's dividend payout ratio is presently 74.50%.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. Evercore ISI boosted their target price 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. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Wells Fargo & Company decreased their price target on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. 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, Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.11.

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.