10,041 Shares in AT&T Inc. (NYSE:T) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,041 shares of the technology company's stock, valued at approximately $229,000.

A number of other large investors also recently modified their holdings of T. 1620 Investment Advisors Inc. grew its holdings in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after purchasing an additional 421 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after acquiring an additional 433 shares during the period. Wealthstream Advisors Inc. increased its holdings in shares of AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares during the last quarter. Finally, Northeast Investment Management raised its stake in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after acquiring an additional 451 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have commented on T. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.21.

AT&T Stock Up 1.6 %

Shares of NYSE:T traded up $0.45 during trading on Thursday, reaching $28.59. 48,884,863 shares of the stock were exchanged, compared to its average volume of 36,341,050. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.01. The firm has a market cap of $205.20 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock has a fifty day moving average of $26.06 and a two-hundred day 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 (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.88%. AT&T's dividend payout ratio is currently 74.50%.

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.