Bison Wealth LLC Has $1.01 Million Position in AT&T Inc. (NYSE:T)

Bison Wealth LLC decreased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,138 shares of the technology company's stock after selling 26,025 shares during the quarter. Bison Wealth LLC's holdings in AT&T were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Navigoe LLC bought a new position in AT&T during the fourth quarter valued at about $108,000. Valley Financial Group Inc. increased its position in AT&T by 12.9% during the fourth quarter. Valley Financial Group Inc. now owns 18,659 shares of the technology company's stock worth $425,000 after acquiring an additional 2,139 shares during the period. Bridgewealth Advisory Group LLC lifted its stake in shares of AT&T by 151.1% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 32,921 shares of the technology company's stock valued at $750,000 after buying an additional 19,808 shares during the period. Voleon Capital Management LP bought a new stake in shares of AT&T in the 4th quarter worth approximately $7,841,000. Finally, Perbak Capital Partners LLP boosted its position in shares of AT&T by 58.1% during the 4th quarter. Perbak Capital Partners LLP now owns 129,819 shares of the technology company's stock valued at $2,956,000 after acquiring an additional 47,731 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Williams Trading set a $30.00 price objective on AT&T in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

Shares of NYSE T traded down $0.01 during midday trading on Friday, reaching $27.63. The company's stock had a trading volume of 22,922,269 shares, compared to its average volume of 36,414,413. The company has a market cap of $198.81 billion, a P/E ratio of 18.54, a P/E/G ratio of 3.00 and a beta of 0.42. The business's 50 day moving average price is $27.06 and its two-hundred day moving average price is $24.54. AT&T Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. On average, analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.02%. AT&T's dividend payout ratio is presently 68.10%.

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.