Rollins Financial Advisors LLC Acquires 11,218 Shares of AT&T Inc. (NYSE:T)

Rollins Financial Advisors LLC lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 91.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,547 shares of the technology company's stock after buying an additional 11,218 shares during the period. Rollins Financial Advisors LLC's holdings in AT&T were worth $536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in AT&T during the fourth quarter worth about $14,700,000. Franklin Resources Inc. boosted its holdings in shares of AT&T by 41.4% in the 3rd 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. Consolidated Planning Corp grew its position in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares during the last quarter. World Investment Advisors increased its holdings in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after purchasing an additional 63,359 shares in the last quarter. Finally, Fortress Financial Solutions LLC bought a new position in AT&T in the 4th quarter valued at $691,000. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on T shares. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. UBS Group boosted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Royal Bank of Canada increased their price target on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Tigress Financial upped their price objective on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $27.24.

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AT&T Stock Up 1.3 %

T stock traded up $0.34 during mid-day trading on Friday, hitting $26.73. 15,502,572 shares of the company were exchanged, compared to its average volume of 36,864,389. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.03. The firm's 50 day simple moving average is $26.54 and its 200 day simple moving average is $23.94. The firm has a market cap of $191.84 billion, a P/E ratio of 17.91, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.15%. AT&T's dividend payout ratio is currently 74.50%.

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.