AT&T Inc. (NYSE:T) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,075 shares of the technology company's stock after purchasing an additional 12,149 shares during the period. KCM Investment Advisors LLC's holdings in AT&T were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of AT&T by 24.5% in the third quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company's stock worth $15,413,000 after buying an additional 138,100 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of AT&T in the third quarter valued at approximately $245,000. Wellington Management Group LLP increased its holdings in shares of AT&T by 1.7% in the third quarter. Wellington Management Group LLP now owns 965,383 shares of the technology company's stock valued at $21,238,000 after purchasing an additional 16,024 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in AT&T by 148.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 569,243 shares of the technology company's stock worth $12,523,000 after buying an additional 340,151 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in AT&T by 35.4% during the third quarter. EP Wealth Advisors LLC now owns 155,893 shares of the technology company's stock worth $3,430,000 after buying an additional 40,734 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

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AT&T Stock Down 1.0 %

Shares of AT&T stock traded down $0.27 during trading hours on Tuesday, reaching $26.56. 37,730,186 shares of the company were exchanged, compared to its average volume of 36,615,675. The firm has a market cap of $190.65 billion, a PE ratio of 17.84, a PEG ratio of 3.00 and a beta of 0.42. The stock's fifty day moving average is $26.31 and its 200 day moving average is $23.80. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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, 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 8.95%. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

A number of analysts have issued reports on T shares. Tigress Financial raised their target price on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Scotiabank raised their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Finally, Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given 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 an average price target of $27.21.

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.