AT&T Inc. (NYSE:T) Stock Holdings Boosted by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. increased its stake in AT&T Inc. by 29.7%, acquiring 35,740 additional shares, bringing its total holdings to 156,018 shares valued at approximately $4.4 million.
• Recent analyst ratings for AT&T include a target price ranging from $28.00 to $31.00, with a consensus rating of "Moderate Buy" based on various analyst reports.
• AT&T recently announced a quarterly dividend of $0.2775 per share, resulting in an annualized dividend yield of 4.0% with a payout ratio of 63.07%.

Westwood Holdings Group Inc. grew its position in AT&T Inc. (NYSE:T - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,018 shares of the technology company's stock after purchasing an additional 35,740 shares during the period. Westwood Holdings Group Inc.'s holdings in AT&T were worth $4,412,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in AT&T during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T in the 4th quarter worth $27,000. Hager Investment Management Services LLC raised its stake in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after buying an additional 641 shares in the last quarter. Finally, Core Alternative Capital lifted its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on T shares. Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. Wells Fargo & Company increased their target price on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Royal Bank Of Canada upped their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $29.66.

AT&T Stock Down 1.1%

T stock opened at $27.47 on Thursday. The company has a 50 day moving average of $27.81 and a two-hundred day moving average of $26.93. The company has a market cap of $196.45 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 3.44 and a beta of 0.42. AT&T Inc. has a 12-month low of $18.97 and a 12-month high of $29.19. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. On average, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. AT&T's payout ratio is presently 63.07%.

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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