Savvy Advisors Inc. Acquires 38,835 Shares of AT&T Inc. (NYSE:T)

Savvy Advisors Inc. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 300.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,755 shares of the technology company's stock after purchasing an additional 38,835 shares during the quarter. Savvy Advisors Inc.'s holdings in AT&T were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. raised its position in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after buying an additional 421 shares during the period. Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after purchasing an additional 433 shares during the period. Wealthstream Advisors Inc. lifted its position in shares of AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Northeast Investment Management boosted its holdings in shares of AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

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AT&T Stock Performance

Shares of AT&T stock traded up $0.43 during trading on Monday, reaching $27.22. The company's stock had a trading volume of 27,039,792 shares, compared to its average volume of 36,853,401. The business's fifty day moving average price is $26.65 and its 200-day moving average price is $24.03. AT&T Inc. has a one year low of $15.94 and a one year high of $29.03. The firm has a market cap of $195.39 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. 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 issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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 predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.08%. AT&T's payout ratio is 74.50%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. DZ Bank 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 note on Wednesday, January 29th. Tigress Financial lifted their price objective on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada raised their price target on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

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.