CIBC Private Wealth Group LLC increased its stake in AT&T Inc. (NYSE:T - Free Report) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,643 shares of the technology company's stock after purchasing an additional 34,623 shares during the quarter. CIBC Private Wealth Group LLC's holdings in AT&T were worth $6,092,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Joseph Group Capital Management boosted its holdings in shares of AT&T by 10.8% during the 4th quarter. Joseph Group Capital Management now owns 207,165 shares of the technology company's stock worth $4,717,000 after buying an additional 20,189 shares during the period. Charter Research & Investment Group Inc. raised its position in shares of AT&T by 4.9% during the fourth quarter. Charter Research & Investment Group Inc. now owns 43,234 shares of the technology company's stock valued at $984,000 after buying an additional 2,024 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of AT&T by 66.2% in the fourth quarter. Schroder Investment Management Group now owns 5,285,236 shares of the technology company's stock valued at $120,345,000 after buying an additional 2,104,603 shares during the period. L & S Advisors Inc acquired a new stake in shares of AT&T during the 4th quarter worth approximately $3,552,000. Finally, Allianz SE acquired a new stake in AT&T during the fourth quarter worth $7,683,000. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Stock Down 1.2 %
NYSE:T traded down $0.35 on Wednesday, hitting $28.13. The stock had a trading volume of 41,502,659 shares, compared to its average volume of 36,297,817. The stock has a market cap of $201.92 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.61. 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's fifty day simple moving average is $26.06 and its two-hundred day simple moving average is $23.67.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
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 paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.
Analysts Set New Price Targets
Several equities analysts recently commented on T shares. Scotiabank raised their target price on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Sanford C. Bernstein boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Citigroup boosted their target price on AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday. 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.21.
View Our Latest Stock Report on AT&T
About AT&T
(
Free Report)
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.
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