World Investment Advisors Buys 63,359 Shares of AT&T Inc. (NYSE:T)

World Investment Advisors raised its stake in AT&T Inc. (NYSE:T - Free Report) by 36.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 237,477 shares of the technology company's stock after purchasing an additional 63,359 shares during the quarter. World Investment Advisors' holdings in AT&T were worth $5,407,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC raised its position in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares during the last quarter. GQG Partners LLC lifted its holdings in AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the period. Bank of New York Mellon Corp grew its position in shares of AT&T by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after buying an additional 5,649,277 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of AT&T during the fourth quarter valued at approximately $1,858,418,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

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AT&T Stock Down 6.8 %

T stock traded down $1.95 during trading on Friday, hitting $26.65. 61,325,675 shares of the stock traded hands, compared to its average volume of 36,458,361. The stock has a market cap of $191.27 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $29.03. The firm's 50 day moving average is $26.26 and its two-hundred day moving average is $23.73.

AT&T (NYSE:T - Get Free Report) last issued its earnings results 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 anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced 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. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is 74.50%.

Analyst Ratings Changes

A number of brokerages recently commented on T. Royal Bank of Canada raised their price target on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. Oppenheimer upped their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday. Citigroup lifted their target price on shares of AT&T from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Monday. Tigress Financial increased their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. 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 issued a strong buy rating to the company. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $27.21.

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.