Glen Eagle Advisors LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

Glen Eagle Advisors LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 121.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,801 shares of the technology company's stock after acquiring an additional 17,459 shares during the period. Glen Eagle Advisors LLC's holdings in AT&T were worth $724,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in T. Principal Street Partners LLC boosted its holdings in AT&T by 1.6% during the fourth quarter. Principal Street Partners LLC now owns 317,988 shares of the technology company's stock worth $7,241,000 after buying an additional 5,011 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AT&T by 31.8% during 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 worth $1,216,665,000 after acquiring an additional 12,881,578 shares during the period. US Financial Advisors LLC acquired a new position in AT&T during the fourth quarter worth $204,000. Waverly Advisors LLC raised 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 acquiring an additional 36,277 shares during the period. Finally, Zimmer Partners LP raised its position in AT&T by 155.0% during the fourth quarter. Zimmer Partners LP now owns 275,000 shares of the technology company's stock worth $6,262,000 after acquiring an additional 775,000 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.9%

Shares of T stock opened at $27.77 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $199.82 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a 50 day moving average price of $27.26 and a 200 day moving average price of $25.00. AT&T Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.03.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data 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). The business 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 company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.00%. AT&T's dividend payout ratio (DPR) is 68.10%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on T. Royal Bank of Canada upped their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. TD Securities upped their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Tigress Financial increased their target price on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

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.

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