Premier Fund Managers Ltd Has $10.24 Million Holdings in AT&T Inc. (NYSE:T)

Premier Fund Managers Ltd boosted its position in AT&T Inc. (NYSE:T - Free Report) by 32.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 453,100 shares of the technology company's stock after buying an additional 111,100 shares during the quarter. Premier Fund Managers Ltd's holdings in AT&T were worth $10,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its stake in shares of AT&T by 3.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 323,088 shares of the technology company's stock valued at $7,357,000 after purchasing an additional 11,687 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in AT&T by 1.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,813,545 shares of the technology company's stock worth $64,064,000 after acquiring an additional 40,948 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $229,000. Providence Capital Advisors LLC grew its holdings in AT&T by 0.6% during the 4th quarter. Providence Capital Advisors LLC now owns 184,748 shares of the technology company's stock worth $4,207,000 after acquiring an additional 1,128 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of AT&T during the fourth quarter worth approximately $1,858,418,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 0.4 %

T stock traded up $0.10 during trading hours on Monday, reaching $28.28. 14,771,935 shares of the stock were exchanged, compared to its average volume of 36,106,182. The firm's 50-day moving average is $25.70 and its 200-day moving average is $23.54. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $28.55. The company has a market cap of $203.02 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

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AT&T (NYSE:T - Get Free Report) last posted its quarterly 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 return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. AT&T's payout ratio is 74.50%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on T. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Scotiabank upped their target price on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Monday, March 3rd. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. One equities research 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 MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

AT&T 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.