AT&T Inc. (NYSE:T) Shares Bought by Wedmont Private Capital

Wedmont Private Capital raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 68.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,220 shares of the technology company's stock after buying an additional 46,271 shares during the quarter. Wedmont Private Capital's holdings in AT&T were worth $2,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Davidson Kempner Capital Management LP acquired a new stake in AT&T during the second quarter worth about $23,888,000. International Assets Investment Management LLC acquired a new stake in AT&T during the 4th quarter worth approximately $14,700,000. Swiss National Bank raised its holdings in AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock valued at $468,217,000 after buying an additional 104,700 shares during the period. Franklin Resources Inc. lifted its position 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 valued at $168,969,000 after buying an additional 2,326,904 shares in the last quarter. Finally, Caprock Group LLC lifted its position in AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after buying an additional 30,281 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on T shares. Royal Bank of Canada raised shares of AT&T from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $22.00 to $26.00 in a research note on Monday, January 6th. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective on the stock. Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Wells Fargo & Company lowered their target price on AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.76.

AT&T Stock Performance

AT&T stock traded down $0.13 during mid-day trading on Monday, reaching $21.56. The company's stock had a trading volume of 37,849,883 shares, compared to its average volume of 34,355,195. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The business has a 50 day moving average price of $22.81 and a 200-day moving average price of $21.26. The firm has a market cap of $154.70 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Sell-side analysts predict that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. AT&T's dividend payout ratio is currently 90.24%.

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.