11,355 Shares in AT&T Inc. (NYSE:T) Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,355 shares of the technology company’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in AT&T during the 4th quarter valued at about $1,858,418,000. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Assetmark Inc. boosted its position in shares of AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock worth $14,637,914,000 after buying an additional 6,220,442 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after buying an additional 5,649,277 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $28.13 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business’s fifty day moving average is $26.06 and its 200 day moving average is $23.67. The company has a market capitalization of $201.92 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.61.

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 return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

Several research firms have commented on T. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup upped their price target on shares of AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. DZ Bank 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 Wednesday, January 29th. Finally, Royal Bank of Canada increased their price target on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.21.

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.