KBC Group NV Increases Stock Position in AT&T Inc. (NYSE:T)

KBC Group NV lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,455,824 shares of the technology company's stock after acquiring an additional 106,367 shares during the quarter. KBC Group NV's holdings in AT&T were worth $33,149,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after buying an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth about $34,000. Reston Wealth Management LLC acquired a new position in AT&T during the 3rd quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

NYSE T traded up $0.29 during trading hours on Tuesday, reaching $24.43. 55,727,746 shares of the stock traded hands, compared to its average volume of 39,360,168. The company has a market cap of $175.26 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The stock has a 50 day simple moving average of $22.83 and a two-hundred day simple moving average of $21.51. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.58.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS 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 7.42%. On average, analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors 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 annualized dividend and a dividend yield of 4.54%. AT&T's payout ratio is presently 90.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Scotiabank upped their target price on AT&T from $24.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.06.

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.