AT&T Inc. (NYSE:T) Shares Acquired by Ascent Group LLC

Ascent Group LLC lifted its position in AT&T Inc. (NYSE:T - Free Report) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,289 shares of the technology company's stock after acquiring an additional 28,310 shares during the period. Ascent Group LLC's holdings in AT&T were worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in T. Minot DeBlois Advisors LLC purchased a new stake in AT&T during the 4th quarter worth about $25,000. Putney Financial Group LLC purchased a new position in AT&T during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in AT&T during the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the period. Finally, YANKCOM Partnership acquired a new stake in AT&T during the 4th quarter worth approximately $30,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

T has been the subject of several research analyst reports. Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. TD Securities raised their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Finally, Evercore ISI raised their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Down 0.1%

Shares of T traded down $0.03 during midday trading on Tuesday, reaching $27.39. 33,305,162 shares of the company were exchanged, compared to its average volume of 36,796,935. The stock has a 50-day moving average price of $27.32 and a 200-day moving average price of $25.16. The company has a market cap of $197.09 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03. 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 (NYSE:T - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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.