Independent Advisor Alliance Has $8.26 Million Position in AT&T Inc. (NYSE:T)

Independent Advisor Alliance raised its position in AT&T Inc. (NYSE:T - Free Report) by 36.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292,143 shares of the technology company's stock after acquiring an additional 77,635 shares during the quarter. Independent Advisor Alliance's holdings in AT&T were worth $8,262,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in T. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after buying an additional 8,185,006 shares during the period. Northern Trust Corp boosted its holdings in shares of AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares during the period. Capital World Investors boosted its holdings in shares of AT&T by 5.2% during the 4th quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock worth $1,307,576,000 after buying an additional 2,841,837 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AT&T by 31.8% during the 4th 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 buying an additional 12,881,578 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of AT&T by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,032,367 shares of the technology company's stock worth $1,184,717,000 after buying an additional 2,992,073 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on T shares. Bank of America started coverage on shares of AT&T in a report on Monday, July 7th. They set a "buy" rating and a $32.00 target price for the company. TD Securities lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note 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 for the company. in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average price target of $29.66.

AT&T Price Performance

T stock opened at $28.08 on Monday. 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 Inc. has a 12 month low of $18.97 and a 12 month high of $29.19. The firm has a market cap of $200.78 billion, a P/E ratio of 15.95, a P/E/G ratio of 3.48 and a beta of 0.42. The company's 50-day moving average price is $27.83 and its two-hundred day moving average price is $27.07.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a dividend of $0.2775 per share. 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 63.07%.

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.

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