Ritholtz Wealth Management Has $3.90 Million Stock Holdings in AT&T Inc. (NYSE:T)

Ritholtz Wealth Management lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 99.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,144 shares of the technology company's stock after acquiring an additional 85,200 shares during the period. Ritholtz Wealth Management's holdings in AT&T were worth $3,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. AQR Capital Management LLC grew its position in AT&T by 43.3% in the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company's stock valued at $414,563,000 after purchasing an additional 6,602,586 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AT&T by 2.3% in 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 in the last quarter. Canada Pension Plan Investment Board increased its position in shares of AT&T by 110.3% in the second quarter. Canada Pension Plan Investment Board now owns 6,155,046 shares of the technology company's stock valued at $117,623,000 after acquiring an additional 3,228,888 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in AT&T by 1,901.0% during the second quarter. Public Sector Pension Investment Board now owns 3,166,814 shares of the technology company's stock worth $60,518,000 after acquiring an additional 3,008,549 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T traded up $0.28 during mid-day trading on Friday, reaching $22.30. The stock had a trading volume of 33,632,584 shares, compared to its average volume of 34,178,367. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The stock has a market capitalization of $159.97 billion, a PE ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $21.29.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the company posted $0.64 EPS. The company's revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. AT&T's dividend payout ratio (DPR) is currently 90.24%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on T. Sanford C. Bernstein began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price for the company. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price target on the stock. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada raised AT&T from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $22.00 to $26.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average target price of $25.83.

AT&T Company 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.