Wedbush Securities Inc. boosted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,336 shares of the technology company's stock after acquiring an additional 13,179 shares during the period. Wedbush Securities Inc.'s holdings in AT&T were worth $4,949,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in AT&T by 24.5% in the 3rd quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company's stock worth $15,413,000 after purchasing an additional 138,100 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of AT&T by 39.5% during the third quarter. Quantinno Capital Management LP now owns 483,919 shares of the technology company's stock worth $10,646,000 after buying an additional 136,938 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of AT&T during the third quarter valued at $245,000. Wellington Management Group LLP increased its position in shares of AT&T by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 965,383 shares of the technology company's stock valued at $21,238,000 after acquiring an additional 16,024 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in AT&T by 148.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 569,243 shares of the technology company's stock worth $12,523,000 after acquiring an additional 340,151 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on T shares. Scotiabank boosted their price target 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. DZ Bank upgraded 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 Wednesday, January 29th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Oppenheimer increased their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.21.
Read Our Latest Report on T
AT&T Price Performance
Shares of T stock traded down $0.64 on Tuesday, reaching $26.19. 43,548,591 shares of the company were exchanged, compared to its average volume of 36,641,319. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business has a 50-day moving average price of $26.31 and a 200 day moving average price of $23.80. The company has a market cap of $188.02 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 3.00 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS 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%. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.24%. AT&T's payout ratio is currently 74.50%.
AT&T Company 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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