Ausdal Financial Partners Inc. Increases Stock Position in AT&T Inc. (NYSE:T)

Ausdal Financial Partners Inc. boosted its position in AT&T Inc. (NYSE:T - Free Report) by 22.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,968 shares of the technology company's stock after purchasing an additional 18,653 shares during the period. Ausdal Financial Partners Inc.'s holdings in AT&T were worth $2,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. raised its stake in shares of AT&T by 19.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 66,883 shares of the technology company's stock worth $1,472,000 after buying an additional 10,854 shares during the last quarter. Larson Financial Group LLC increased its holdings in AT&T by 27.3% during the 3rd quarter. Larson Financial Group LLC now owns 39,481 shares of the technology company's stock valued at $869,000 after acquiring an additional 8,460 shares in the last quarter. Davis R M Inc. increased its holdings in AT&T by 20.5% during the 3rd quarter. Davis R M Inc. now owns 36,416 shares of the technology company's stock valued at $801,000 after acquiring an additional 6,202 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in AT&T by 1,453.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 75,560 shares of the technology company's stock worth $1,661,000 after acquiring an additional 70,696 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of AT&T in the third quarter valued at about $4,001,000. 57.10% of the stock is owned by institutional investors and hedge funds.

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AT&T Trading Down 0.0 %

Shares of AT&T stock traded down $0.00 during trading hours on Friday, reaching $28.20. The stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The firm has a market capitalization of $202.40 billion, a price-to-earnings ratio of 18.92, a P/E/G 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 $28.51. 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 firm has a 50 day simple moving average of $25.70 and a two-hundred day simple moving average of $23.53.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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 anticipate 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. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Barclays upped their price objective on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $19.00 to $28.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $26.79.

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.