AT&T Inc. (NYSE:T) Stock Position Raised by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in AT&T Inc. (NYSE:T - Free Report) by 83.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,254,746 shares of the technology company's stock after buying an additional 3,297,211 shares during the quarter. Mackenzie Financial Corp owned about 0.10% of AT&T worth $165,191,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in T. Secure Asset Management LLC boosted its stake in shares of AT&T by 10.0% during the 4th quarter. Secure Asset Management LLC now owns 44,599 shares of the technology company's stock worth $1,016,000 after acquiring an additional 4,060 shares in the last quarter. Brighton Jones LLC boosted its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. RFG Advisory LLC grew its holdings in AT&T by 28.9% during the fourth quarter. RFG Advisory LLC now owns 90,323 shares of the technology company's stock valued at $2,057,000 after purchasing an additional 20,272 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in AT&T during the fourth quarter valued at approximately $391,000. Finally, Wheelhouse Advisory Group LLC raised its position in shares of AT&T by 7.7% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 24,231 shares of the technology company's stock valued at $552,000 after purchasing an additional 1,741 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Trading Up 0.8%

T stock opened at $27.45 on Friday. 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. The business's 50 day moving average is $27.30 and its 200-day moving average is $25.11. The firm has a market cap of $197.50 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 the consensus estimate of $30.39 billion. During the same quarter last year, the company earned $0.55 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Oppenheimer raised their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Williams Trading set a $30.00 price objective on AT&T in a research report on Thursday, April 24th. Finally, Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One equities research 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 stock. Based on data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average price target 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.

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.