Signature Estate & Investment Advisors LLC lifted its holdings in AT&T Inc. (NYSE:T) by 35.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,781 shares of the technology company’s stock after buying an additional 5,424 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in AT&T were worth $598,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of T. United Bank increased its holdings in shares of AT&T by 49.3% in the 2nd quarter. United Bank now owns 34,035 shares of the technology company’s stock worth $1,029,000 after buying an additional 11,242 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of AT&T by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 11,294,810 shares of the technology company’s stock worth $341,442,000 after buying an additional 411,034 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in AT&T by 998.5% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 81,852 shares of the technology company’s stock valued at $2,474,000 after purchasing an additional 74,401 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in AT&T by 12.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 76,462 shares of the technology company’s stock valued at $2,311,000 after purchasing an additional 8,278 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in AT&T during the 2nd quarter valued at about $527,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.
Several equities analysts recently commented on T shares. BidaskClub downgraded shares of AT&T from a “sell” rating to a “strong sell” rating in a report on Friday, December 18th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, January 4th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a report on Thursday, December 10th. Morgan Stanley downgraded shares of AT&T from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $36.00 to $34.00 in a report on Thursday, December 17th. Finally, National Bank Financial upgraded shares of AT&T to an “outperform” rating and upped their target price for the stock from $25.00 to $27.00 in a research note on Monday, November 9th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. AT&T presently has an average rating of “Hold” and an average target price of $32.40.
NYSE:T opened at $28.61 on Thursday. AT&T Inc. has a 52 week low of $26.08 and a 52 week high of $39.14. The firm has a 50 day moving average of $29.36 and a 200 day moving average of $29.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $203.87 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.52 and a beta of 0.69.
AT&T (NYSE:T) last posted its earnings results on Thursday, October 22nd. The technology company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). AT&T had a net margin of 6.84% and a return on equity of 13.03%. The firm had revenue of $42.43 billion for the quarter, compared to analysts’ expectations of $41.66 billion. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue was down 4.8% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 3.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be issued a $0.52 dividend. The ex-dividend date is Friday, January 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.27%. AT&T’s dividend payout ratio is currently 58.26%.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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