Dimensional Fund Advisors LP Boosts Stock Holdings in AT&T Inc. (NYSE:T)

Dimensional Fund Advisors LP increased its position in AT&T Inc. (NYSE:T - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,032,367 shares of the technology company's stock after buying an additional 2,992,073 shares during the quarter. Dimensional Fund Advisors LP owned about 0.73% of AT&T worth $1,184,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new position in shares of AT&T in the fourth quarter worth about $30,000. 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 purchasing an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the fourth quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in AT&T in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on T. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. StockNews.com lowered shares of AT&T from a "buy" rating to a "hold" rating in a research note on Thursday. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Royal Bank of Canada boosted their target price on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. One research 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 has an average rating of "Moderate Buy" and a consensus target price of $27.24.

AT&T Price Performance

Shares of NYSE:T opened at $27.12 on Friday. The business has a 50-day moving average of $26.84 and a two-hundred day moving average of $24.14. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $29.03. The stock has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. 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.

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