Fayez Sarofim & Co Raises Stake in AT&T Inc. (NYSE:T)

Fayez Sarofim & Co lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 52.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,221 shares of the technology company's stock after buying an additional 12,409 shares during the period. Fayez Sarofim & Co's holdings in AT&T were worth $825,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of T. 1620 Investment Advisors Inc. lifted its holdings in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares during the period. Tradewinds Capital Management LLC boosted its holdings in AT&T by 48.6% in the fourth 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 during the last quarter. Whittier Trust Co. boosted its holdings in AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after acquiring an additional 433 shares during the last quarter. Wealthstream Advisors Inc. increased its position in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after purchasing an additional 444 shares during the period. Finally, Northeast Investment Management raised its holdings in AT&T by 0.9% during the 4th 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 last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 2.7 %

AT&T stock traded down $0.73 during trading on Friday, hitting $26.80. 37,033,507 shares of the company were exchanged, compared to its average volume of 36,551,421. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business's 50 day moving average is $26.95 and its 200 day moving average is $24.28. AT&T Inc. has a 52 week low of $16.39 and a 52 week high of $29.03. The company has a market capitalization of $192.38 billion, a P/E ratio of 17.99, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 4.14%. AT&T's payout ratio is presently 68.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Evercore ISI lifted their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday. Finally, Scotiabank boosted their price target on AT&T from $29.00 to $29.50 and gave the company a "sector outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.62.

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.