Consolidated Planning Corp Buys 21,927 Shares of AT&T Inc. (NYSE:T)

Consolidated Planning Corp grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,089 shares of the technology company's stock after purchasing an additional 21,927 shares during the quarter. Consolidated Planning Corp's holdings in AT&T were worth $7,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of T. Raab & Moskowitz Asset Management LLC increased its position in shares of AT&T by 7.2% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 17,239 shares of the technology company's stock worth $393,000 after acquiring an additional 1,157 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of AT&T during the 4th quarter valued at approximately $35,000. MFG Wealth Management Inc. bought a new stake in AT&T during the 4th quarter worth approximately $3,319,000. Van ECK Associates Corp lifted its position in shares of AT&T by 1.9% in the 4th quarter. Van ECK Associates Corp now owns 404,343 shares of the technology company's stock worth $9,207,000 after purchasing an additional 7,385 shares during the period. Finally, Lester Murray Antman dba SimplyRich lifted its position in shares of AT&T by 8.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 13,414 shares of the technology company's stock valued at $305,000 after acquiring an additional 1,091 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock traded up $0.25 on Friday, reaching $25.88. The company's stock had a trading volume of 31,683,390 shares, compared to its average volume of 38,630,956. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock's fifty day simple moving average is $23.23 and its 200-day simple moving average is $22.06. The company has a market capitalization of $185.74 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.93.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on T shares. New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Tigress Financial lifted their price target on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Finally, Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

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.