Meeder Advisory Services Inc. Purchases 14,133 Shares of AT&T Inc. (NYSE:T)

Meeder Advisory Services Inc. raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,123 shares of the technology company's stock after purchasing an additional 14,133 shares during the quarter. Meeder Advisory Services Inc.'s holdings in AT&T were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $14,700,000. Franklin Resources Inc. grew its holdings in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after buying an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC acquired a new position in AT&T during the 4th quarter worth about $691,000. Finally, West Family Investments Inc. increased its position in AT&T by 70.4% in the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after acquiring an additional 15,680 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. Citigroup boosted their target price on AT&T from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a report on Thursday, February 13th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.21.

Remove Ads

AT&T Stock Down 1.2 %

Shares of T traded down $0.35 during midday trading on Wednesday, hitting $28.13. The stock had a trading volume of 41,502,659 shares, compared to its average volume of 36,297,817. The firm has a market cap of $201.92 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $23.67. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.61.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T's payout ratio is presently 74.50%.

AT&T Company 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.