O Shaughnessy Asset Management LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

O Shaughnessy Asset Management LLC lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,828,239 shares of the technology company's stock after purchasing an additional 425,655 shares during the period. O Shaughnessy Asset Management LLC's holdings in AT&T were worth $41,629,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Icon Wealth Advisors LLC grew its position in AT&T by 20.1% in the third quarter. Icon Wealth Advisors LLC now owns 61,330 shares of the technology company's stock worth $1,349,000 after acquiring an additional 10,281 shares during the period. Point72 Europe London LLP grew its holdings in shares of AT&T by 275.8% during the 3rd quarter. Point72 Europe London LLP now owns 654,974 shares of the technology company's stock worth $14,409,000 after purchasing an additional 480,674 shares during the period. L.M. Kohn & Company increased its position in shares of AT&T by 47.8% during the 3rd quarter. L.M. Kohn & Company now owns 28,693 shares of the technology company's stock worth $631,000 after purchasing an additional 9,278 shares during the last quarter. Acropolis Investment Management LLC raised its holdings in AT&T by 77.1% in the 3rd quarter. Acropolis Investment Management LLC now owns 22,881 shares of the technology company's stock valued at $503,000 after buying an additional 9,961 shares during the period. Finally, Encompass More Asset Management acquired a new position in AT&T in the third quarter valued at about $225,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price on the stock. Morgan Stanley raised 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 note on Monday, December 16th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. Finally, UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $27.00.

AT&T Stock Up 0.5 %

T stock traded up $0.15 during midday trading on Monday, reaching $28.33. 50,147,997 shares of the company were exchanged, compared to its average volume of 36,244,800. The stock's 50-day simple moving average is $25.70 and its 200 day simple moving average is $23.54. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.55. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $203.32 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared 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. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 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.