Good Life Advisors LLC Has $3.36 Million Position in AT&T Inc. (NYSE:T)

Good Life Advisors LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,637 shares of the technology company's stock after buying an additional 31,613 shares during the period. Good Life Advisors LLC's holdings in AT&T were worth $3,362,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock valued at $3,532,684,000 after buying an additional 3,630,972 shares during the last quarter. FMR LLC lifted its holdings in AT&T by 1.9% during the 3rd quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock worth $1,341,693,000 after purchasing an additional 1,149,688 shares during the last quarter. Swiss National Bank lifted its holdings in AT&T by 0.5% during the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after purchasing an additional 104,700 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in AT&T by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,543,563 shares of the technology company's stock worth $399,467,000 after purchasing an additional 325,073 shares during the last quarter. Finally, National Pension Service lifted its holdings in AT&T by 15.8% during the 3rd quarter. National Pension Service now owns 15,769,707 shares of the technology company's stock worth $346,934,000 after purchasing an additional 2,152,016 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on T shares. Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.33.

AT&T Price Performance

Shares of T traded up $0.49 during midday trading on Friday, hitting $26.64. The company's stock had a trading volume of 58,384,223 shares, compared to its average volume of 38,439,449. AT&T Inc. has a one year low of $15.94 and a one year high of $26.72. The company's fifty day simple moving average is $23.50 and its two-hundred day simple moving average is $22.28. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $191.19 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.01 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.17%. 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.