Wellington Management Group LLP Acquires 1,557,431 Shares of AT&T Inc. (NYSE:T)

Wellington Management Group LLP lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 161.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,522,814 shares of the technology company's stock after acquiring an additional 1,557,431 shares during the period. Wellington Management Group LLP's holdings in AT&T were worth $57,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in AT&T by 30.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,828,239 shares of the technology company's stock worth $41,629,000 after acquiring an additional 425,655 shares in the last quarter. Bcwm LLC acquired a new position in AT&T during the 4th quarter worth approximately $5,531,000. United Bank lifted its stake in AT&T by 2.1% in the 4th quarter. United Bank now owns 43,511 shares of the technology company's stock valued at $991,000 after purchasing an additional 875 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in AT&T in the fourth quarter valued at approximately $161,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of AT&T by 14.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 274,643 shares of the technology company's stock worth $6,092,000 after buying an additional 34,623 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 1.0 %

Shares of AT&T stock traded down $0.27 during trading on Tuesday, reaching $26.56. 32,580,225 shares of the company traded hands, compared to its average volume of 36,595,819. The firm has a market capitalization of $190.67 billion, a PE ratio of 17.85, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.03. The company has a 50 day moving average price of $26.31 and a 200-day moving average price of $23.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

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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 for the quarter, beating the consensus estimate 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, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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 paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.18%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent research reports. Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Royal Bank of Canada raised their price target on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned 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.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $27.21.

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.