Integrated Wealth Concepts LLC Purchases 9,498 Shares of AT&T Inc. (NYSE:T)

Integrated Wealth Concepts LLC boosted its position in AT&T Inc. (NYSE:T - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,248 shares of the technology company's stock after purchasing an additional 9,498 shares during the quarter. Integrated Wealth Concepts LLC's holdings in AT&T were worth $6,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. raised its stake in AT&T by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 8,158,639 shares of the technology company's stock valued at $185,772,000 after purchasing an additional 1,399,900 shares in the last quarter. Syon Capital LLC increased its stake in AT&T by 24.7% in the fourth quarter. Syon Capital LLC now owns 31,130 shares of the technology company's stock valued at $709,000 after acquiring an additional 6,158 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in AT&T by 79.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 6,886 shares of the technology company's stock valued at $156,000 after purchasing an additional 3,044 shares in the last quarter. MGO One Seven LLC lifted its stake in AT&T by 14.5% during the fourth quarter. MGO One Seven LLC now owns 134,950 shares of the technology company's stock worth $3,073,000 after purchasing an additional 17,100 shares during the last quarter. Finally, Alta Advisers Ltd boosted its holdings in shares of AT&T by 10.8% in the 4th quarter. Alta Advisers Ltd now owns 23,597 shares of the technology company's stock valued at $537,000 after purchasing an additional 2,297 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Sanford C. Bernstein boosted 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. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday. Finally, TD Securities increased their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.62.

AT&T Trading Down 2.7 %

T stock traded down $0.73 during trading on Friday, hitting $26.80. The company had a trading volume of 37,042,995 shares, compared to its average volume of 36,505,396. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a one year low of $16.73 and a one year high of $29.03. The business has a 50-day moving average of $26.96 and a 200-day moving average of $24.35. The stock has a market cap of $192.38 billion, a PE ratio of 17.99, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is 68.10%.

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.