HB Wealth Management LLC Has $21.93 Million Holdings in AT&T Inc. (NYSE:T)

HB Wealth Management LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 963,156 shares of the technology company's stock after buying an additional 20,768 shares during the quarter. HB Wealth Management LLC's holdings in AT&T were worth $21,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Davidson Kempner Capital Management LP bought a new stake in shares of AT&T during the second quarter worth $23,888,000. International Assets Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $14,700,000. Swiss National Bank raised its stake in shares of AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after buying an additional 104,700 shares during the last quarter. Franklin Resources Inc. lifted its holdings in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after buying an additional 2,326,904 shares during the period. Finally, Caprock Group LLC boosted its stake in AT&T by 18.3% in the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after acquiring an additional 30,281 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on T. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price target on the stock. Tigress Financial boosted their target price on AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $25.83.

AT&T Stock Up 1.2 %

Shares of T traded up $0.28 during mid-day trading on Friday, hitting $22.30. 33,632,584 shares of the company's stock were exchanged, compared to its average volume of 28,784,102. The company has a 50-day simple moving average of $22.79 and a 200 day simple moving average of $21.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $159.97 billion, a PE ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period in the previous year, the business earned $0.64 EPS. The company's revenue was down .5% compared to the same quarter last year. On average, research analysts forecast that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. AT&T's dividend payout ratio is 90.24%.

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.