NEOS Investment Management LLC Grows Holdings in AT&T Inc. (NYSE:T)

NEOS Investment Management LLC increased its stake in AT&T Inc. (NYSE:T - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,279 shares of the technology company's stock after purchasing an additional 106,944 shares during the period. NEOS Investment Management LLC's holdings in AT&T were worth $10,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter worth $25,000. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter worth about $28,000. YANKCOM Partnership acquired a new position in AT&T during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC grew its stake 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 purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the 4th quarter worth approximately $34,000. Institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on T shares. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. UBS Group raised their price objective on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.79.

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AT&T Trading Down 0.0 %

Shares of T stock traded down $0.00 during mid-day trading on Friday, hitting $28.20. The company's stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.51. 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 company's fifty day simple moving average is $25.70 and its 200-day simple moving average is $23.53. The company has a market cap of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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, 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 firm 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. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T's dividend payout ratio is currently 74.50%.

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.