Ames National Corp Makes New $320,000 Investment in AT&T Inc. (NYSE:T)

Ames National Corp purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,037 shares of the technology company's stock, valued at approximately $320,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Glen Eagle Advisors LLC raised its position in AT&T by 121.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 31,801 shares of the technology company's stock worth $724,000 after buying an additional 17,459 shares during the last quarter. Principal Street Partners LLC boosted its stake in shares of AT&T by 1.6% in the fourth quarter. Principal Street Partners LLC now owns 317,988 shares of the technology company's stock worth $7,241,000 after acquiring an additional 5,011 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after buying an additional 12,881,578 shares during the last quarter. US Financial Advisors LLC purchased a new position in AT&T in the 4th quarter worth approximately $204,000. Finally, Waverly Advisors LLC lifted its position in AT&T by 12.0% during the fourth quarter. Waverly Advisors LLC now owns 339,011 shares of the technology company's stock worth $7,719,000 after buying an additional 36,277 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on T. Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Tigress Financial raised their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday, April 7th. Finally, Scotiabank restated an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Down 0.9%

T stock opened at $27.77 on Wednesday. The stock has a market capitalization of $199.82 billion, a P/E ratio of 18.64, a PEG ratio of 3.00 and a beta of 0.42. 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 Inc. has a one year low of $17.11 and a one year high of $29.03. The company has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $25.00.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) 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.

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