AT&T Inc. (NYSE:T) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,420 shares of the technology company's stock after purchasing an additional 14,756 shares during the quarter. Perigon Wealth Management LLC's holdings in AT&T were worth $2,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in 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 worth $3,532,684,000 after acquiring an additional 3,630,972 shares during the period. Franklin Resources Inc. raised its position in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the period. National Pension Service lifted its stake 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 buying an additional 2,152,016 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in AT&T by 112.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,916,698 shares of the technology company's stock worth $64,167,000 after buying an additional 1,546,679 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in AT&T by 7.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,218,490 shares of the technology company's stock valued at $378,807,000 after acquiring an additional 1,206,330 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Down 0.8 %

Shares of T traded down $0.20 during midday trading on Thursday, hitting $24.04. 45,645,007 shares of the company's stock traded hands, compared to its average volume of 39,431,316. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98. The firm's fifty day moving average is $22.89 and its 200-day moving average is $21.57. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $172.46 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 7.42% and a return on equity of 13.97%. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.62%. The ex-dividend date is Friday, January 10th. AT&T's dividend payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on T shares. UBS Group upped their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Wednesday. New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.11.

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.