AT&T Inc. (NYSE:T) Holdings Boosted by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,088 shares of the technology company's stock after purchasing an additional 11,687 shares during the period. Orion Portfolio Solutions LLC's holdings in AT&T were worth $7,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its position in shares of 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. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter valued at $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE T traded up $0.15 on Monday, reaching $28.33. 50,147,997 shares of the stock traded hands, compared to its average volume of 36,244,781. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $28.55. The company has a market cap of $203.32 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 3.00 and a beta of 0.56. The firm's fifty day simple moving average is $25.70 and its 200 day simple moving average is $23.54. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced 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. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday. New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Sanford C. Bernstein lifted their target price on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. 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 research report on Wednesday, January 29th. Finally, Royal Bank of Canada boosted their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.