Nilsine Partners LLC Grows Position in AT&T Inc. (NYSE:T)

Nilsine Partners LLC boosted its position in AT&T Inc. (NYSE:T - Free Report) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,495 shares of the technology company's stock after purchasing an additional 22,605 shares during the period. Nilsine Partners LLC's holdings in AT&T were worth $1,856,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in T. Geode Capital Management LLC grew its stake 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 during the period. FMR LLC lifted its holdings in AT&T by 1.9% during the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock valued at $1,341,693,000 after purchasing an additional 1,149,688 shares in the last quarter. Swiss National Bank boosted its position in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after purchasing an additional 104,700 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of AT&T by 7.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company's stock worth $378,807,000 after purchasing an additional 1,206,330 shares in the last quarter. Finally, National Pension Service raised its position in shares of AT&T by 15.8% during the 3rd quarter. National Pension Service now owns 15,769,707 shares of the technology company's stock valued at $346,934,000 after purchasing an additional 2,152,016 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock traded up $0.29 during midday trading on Tuesday, hitting $24.43. The company had a trading volume of 55,727,746 shares, compared to its average volume of 39,360,168. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.58. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $21.51.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results 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 return on equity of 13.97% and a net margin of 7.42%. As a group, analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.54%. The ex-dividend date is Friday, January 10th. AT&T's dividend payout ratio (DPR) is 90.24%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on T. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price target on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Evercore ISI raised their target price on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.