Crescent Grove Advisors LLC Acquires 1,469 Shares of AT&T Inc. (NYSE:T)

Crescent Grove Advisors LLC lifted its stake in shares of AT&T Inc. (NYSE:TFree Report) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,873 shares of the technology company’s stock after purchasing an additional 1,469 shares during the quarter. Crescent Grove Advisors LLC’s holdings in AT&T were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter valued at about $34,000. Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 3rd quarter valued at $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.7 %

Shares of AT&T stock opened at $22.69 on Monday. The stock has a fifty day moving average price of $22.80 and a 200-day moving average price of $21.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $162.77 billion, a PE ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

View Our Latest Analysis on T

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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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