Silver Oak Securities Incorporated Has $2.58 Million Stock Holdings in AT&T Inc. (NYSE:T)

Silver Oak Securities Incorporated lifted its holdings in shares of AT&T Inc. (NYSE:T) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 113,926 shares of the technology company’s stock after buying an additional 12,802 shares during the period. Silver Oak Securities Incorporated’s holdings in AT&T were worth $2,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter valued at about $25,000. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter worth about $30,000. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter valued at approximately $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $35,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Scotiabank lifted their price objective on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.21.

AT&T Trading Up 0.9 %

Shares of T opened at $24.48 on Thursday. The stock’s fifty day simple moving average is $22.99 and its 200-day simple moving average is $21.75. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $175.63 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98.

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, beating analysts’ consensus estimates 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, research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.53%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

AT&T Company 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.