Independent Advisor Alliance Raises Holdings in AT&T Inc. (NYSE:T)

Independent Advisor Alliance raised its position in shares of AT&T Inc. (NYSE:T - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,508 shares of the technology company's stock after acquiring an additional 32,636 shares during the period. Independent Advisor Alliance's holdings in AT&T were worth $4,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of AT&T by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock valued at $3,532,684,000 after acquiring an additional 3,630,972 shares in the last quarter. Bank of New York Mellon Corp raised its position in AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. FMR LLC lifted its stake in shares of AT&T by 1.9% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of AT&T by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 53,057,676 shares of the technology company's stock worth $1,208,123,000 after buying an additional 414,984 shares during the period. Finally, Amundi grew its stake in shares of AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company's stock valued at $753,318,000 after buying an additional 5,614,168 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 4.6 %

Shares of NYSE:T opened at $26.02 on Wednesday. The company's fifty day moving average is $24.46 and its two-hundred day moving average is $22.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The stock has a market capitalization of $186.74 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

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AT&T (NYSE:T - Get Free Report) last released 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 net margin of 8.95% and a return on equity of 13.97%. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business 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 of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.27%. AT&T's dividend payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, 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 research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $26.74.

About AT&T

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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