Harbor Investment Advisory LLC Purchases 3,384 Shares of AT&T Inc. (NYSE:T)

Harbor Investment Advisory LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,124 shares of the technology company’s stock after acquiring an additional 3,384 shares during the quarter. Harbor Investment Advisory LLC’s holdings in AT&T were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of T. International Assets Investment Management LLC purchased a new position in shares of AT&T in the fourth quarter worth approximately $14,700,000. Swiss National Bank increased its stake in shares of AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after purchasing an additional 104,700 shares in the last quarter. Franklin Resources Inc. raised its holdings in AT&T by 41.4% in the 3rd 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 during the period. Caprock Group LLC grew its holdings in AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after purchasing an additional 30,281 shares during the period. Finally, Talbot Financial LLC purchased a new stake in AT&T in the third quarter worth about $7,438,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on T shares. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. UBS Group raised their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $22.00 to $26.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Oppenheimer started coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.83.

AT&T Trading Up 0.9 %

T opened at $22.49 on Wednesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $22.79 and a 200 day moving average of $21.37. The firm has a market cap of $161.40 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

About AT&T

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.