D.A. Davidson & CO. Grows Stake in AT&T Inc. (NYSE:T)

D.A. Davidson & CO. boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 443,076 shares of the technology company's stock after purchasing an additional 15,438 shares during the quarter. D.A. Davidson & CO.'s holdings in AT&T were worth $10,089,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new position in AT&T during the fourth quarter worth approximately $30,000. Endeavor Private Wealth Inc. purchased a new position in AT&T during the fourth quarter worth approximately $34,000. Finally, Reston Wealth Management LLC purchased a new position in AT&T during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on T. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. UBS Group raised their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Evercore ISI raised their target price on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. Finally, Citigroup raised their target price on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.33.

AT&T Stock Performance

AT&T stock traded up $0.49 during mid-day trading on Friday, reaching $26.64. 58,384,223 shares of the company were exchanged, compared to its average volume of 38,439,449. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.72. The firm's 50-day simple moving average is $23.44 and its two-hundred day simple moving average is $22.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $191.19 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.01 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

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.