Capital Advisors Ltd. LLC Buys 582 Shares of AT&T Inc. (NYSE:T)

Capital Advisors Ltd. LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,818 shares of the technology company’s stock after acquiring an additional 582 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in AT&T were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Partners Wealth Management LLC bought a new position in AT&T during the fourth quarter worth $1,872,000. Union Bancaire Privee UBP SA acquired a new stake in AT&T during the fourth quarter worth $1,639,000. World Equity Group Inc. boosted its stake in AT&T by 11.3% during the fourth quarter. World Equity Group Inc. now owns 11,525 shares of the technology company’s stock worth $262,000 after buying an additional 1,168 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in AT&T by 7.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,509,370 shares of the technology company’s stock worth $34,369,000 after buying an additional 109,400 shares in the last quarter. Finally, Delta Financial Group Inc. boosted its stake in AT&T by 0.6% during the fourth quarter. Delta Financial Group Inc. now owns 103,667 shares of the technology company’s stock worth $2,360,000 after buying an additional 645 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target 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. Finally, Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Stock Up 0.4 %

Shares of NYSE T opened at $26.74 on Tuesday. The firm’s 50-day simple moving average is $23.58 and its 200 day simple moving average is $22.38. The company has a market cap of $191.91 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.13.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.15%. AT&T’s dividend payout ratio is currently 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.