AT&T Inc. (NYSE:T) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp lifted its stake in shares of AT&T Inc. (NYSE:T) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,089 shares of the technology company’s stock after acquiring an additional 21,927 shares during the period. Consolidated Planning Corp’s holdings in AT&T were worth $7,288,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth about $14,700,000. Swiss National Bank increased its holdings in AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after purchasing an additional 104,700 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after purchasing an additional 2,326,904 shares in the last quarter. Caprock Group LLC grew its stake in shares of AT&T by 18.3% in 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. Finally, Van ECK Associates Corp raised its holdings in shares of AT&T by 7.2% during the 3rd quarter. Van ECK Associates Corp now owns 396,958 shares of the technology company’s stock valued at $8,928,000 after buying an additional 26,706 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Up 0.9 %

AT&T stock opened at $25.37 on Thursday. The firm has a market capitalization of $182.04 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $21.94. AT&T Inc. has a one year low of $15.94 and a one year high of $25.38. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts expect that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on T shares. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Evercore ISI increased their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research 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, AT&T has an average rating of “Moderate Buy” and an average target price of $26.21.

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.