AT&T Inc. (NYSE:T) Stock Position Raised by Everett Harris & Co. CA

Everett Harris & Co. CA boosted its holdings in AT&T Inc. (NYSE:T) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,872 shares of the technology company’s stock after acquiring an additional 3,615 shares during the period. Everett Harris & Co. CA’s holdings in AT&T were worth $794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in AT&T in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in AT&T by 169.2% in 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 in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the 4th quarter valued at approximately $34,000. Reston Wealth Management LLC bought a new stake in AT&T during the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T during the 3rd quarter worth $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group increased their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

AT&T Stock Performance

Shares of T opened at $23.74 on Friday. The company’s fifty day moving average price is $22.91 and its 200 day moving average price is $21.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98. The company has a market capitalization of $170.34 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.67.

AT&T (NYSE:T) last announced its quarterly earnings data 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%. As a group, analysts expect that AT&T Inc. will post 2.12 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.68%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.