Sowell Financial Services LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 256,583 shares of the technology company's stock after purchasing an additional 11,493 shares during the period. Sowell Financial Services LLC's holdings in AT&T were worth $5,842,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in AT&T during the third quarter valued at approximately $62,000. M&G PLC acquired a new stake in shares of AT&T during the 3rd quarter valued at $1,007,000. Leavell Investment Management Inc. grew its holdings in shares of AT&T by 15.7% during the 3rd quarter. Leavell Investment Management Inc. now owns 50,640 shares of the technology company's stock valued at $1,114,000 after acquiring an additional 6,853 shares in the last quarter. Equitable Trust Co. increased its stake in shares of AT&T by 81.6% in the third quarter. Equitable Trust Co. now owns 25,703 shares of the technology company's stock worth $565,000 after acquiring an additional 11,552 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of AT&T in the third quarter worth $718,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on T shares. Scotiabank boosted their target price on AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. UBS Group increased their price objective on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Barclays lifted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.74.
Get Our Latest Stock Analysis on AT&T
AT&T Trading Up 1.6 %
T traded up $0.42 during mid-day trading on Friday, reaching $27.15. The stock had a trading volume of 35,337,449 shares, compared to its average volume of 40,747,570. The firm's fifty day simple moving average is $24.30 and its two-hundred day simple moving average is $22.84. The stock has a market capitalization of $194.85 billion, a P/E ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. 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 (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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 analysts predict that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's payout ratio is 74.50%.
AT&T Profile
(
Free Report)
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.
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