15,916 Shares in AT&T Inc. (NYSE:T) Acquired by Frederick Financial Consultants LLC

Frederick Financial Consultants LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,916 shares of the technology company's stock, valued at approximately $362,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in AT&T in the fourth quarter valued at about $1,858,418,000. GQG Partners LLC raised its holdings in AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. Assetmark Inc. boosted its position in AT&T by 4,986.1% during the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after buying an additional 9,719,036 shares during the period. Invesco Ltd. boosted its position in AT&T by 18.2% during the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock worth $1,085,034,000 after buying an additional 7,347,354 shares during the period. Finally, Marshall Wace LLP bought a new stake in AT&T during the 4th quarter worth approximately $160,747,000. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on T shares. Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Scotiabank increased their target price on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, April 8th. BNP Paribas raised shares of 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. StockNews.com cut shares of AT&T from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.24.

AT&T Stock Performance

Shares of T stock traded up $0.10 during trading on Friday, hitting $27.12. The company's stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,664,188. 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 company has a market cap of $194.67 billion, a PE ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. The business has a fifty day moving average of $26.84 and a 200-day moving average of $24.15. AT&T Inc. has a 52 week low of $16.17 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts anticipate 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 given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is currently 74.50%.

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.