Ensign Peak Advisors Inc Boosts Stock Position in AT&T Inc. (NYSE:T)

Ensign Peak Advisors Inc lifted its position in AT&T Inc. (NYSE:T - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,485,056 shares of the technology company's stock after purchasing an additional 32,270 shares during the quarter. Ensign Peak Advisors Inc owned about 0.10% of AT&T worth $170,435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in AT&T by 5.1% in the third quarter. Principal Financial Group Inc. now owns 8,306,930 shares of the technology company's stock valued at $182,752,000 after acquiring an additional 402,894 shares during the period. Park National Corp OH increased its holdings in shares of AT&T by 1.1% during the 4th quarter. Park National Corp OH now owns 62,854 shares of the technology company's stock valued at $1,431,000 after purchasing an additional 677 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AT&T by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,600,080 shares of the technology company's stock valued at $35,202,000 after purchasing an additional 7,048 shares during the period. ST Germain D J Co. Inc. boosted its holdings in AT&T by 7.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 22,573 shares of the technology company's stock worth $514,000 after buying an additional 1,620 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in AT&T by 0.8% during the fourth quarter. HBW Advisory Services LLC now owns 190,792 shares of the technology company's stock valued at $4,344,000 after buying an additional 1,509 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Trading Down 2.2 %

Shares of T stock opened at $27.48 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $17.04 and a twelve month high of $29.03. The company's 50-day moving average price is $27.12 and its 200-day moving average price is $24.69. The stock has a market cap of $197.76 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm 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 business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.04%. AT&T's dividend payout ratio (DPR) is 68.10%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. TD Securities upped their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Barclays boosted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.71.

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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.