Cambridge Investment Research Advisors Inc. Acquires 21,680 Shares of AT&T Inc. (NYSE:T)

Cambridge Investment Research Advisors Inc. grew its position in AT&T Inc. (NYSE:T - Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,375,675 shares of the technology company's stock after buying an additional 21,680 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in AT&T were worth $54,094,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of AT&T by 1.0% during the fourth 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 period. Geode Capital Management LLC boosted its position in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares during the last quarter. GQG Partners LLC grew its stake in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after purchasing an additional 5,649,277 shares in the last quarter. Finally, Norges Bank acquired a new position in AT&T during the fourth quarter worth $1,858,418,000. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T traded down $0.04 during midday trading on Wednesday, hitting $28.12. The company's stock had a trading volume of 28,352,198 shares, compared to its average volume of 36,388,419. The company's fifty day simple moving average is $27.12 and its two-hundred day simple moving average is $24.65. The stock has a market capitalization of $202.35 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a one year low of $17.00 and a one year high of $29.03.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

Several brokerages have recently weighed in on T. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Citigroup reissued a "buy" rating on shares of AT&T in a report on Monday, April 7th. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Tigress Financial lifted their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

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.