AT&T Inc. (NYSE:T) Stock Holdings Boosted by Worth Asset Management LLC

Worth Asset Management LLC raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 551.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,736 shares of the technology company's stock after purchasing an additional 66,641 shares during the quarter. AT&T comprises approximately 1.2% of Worth Asset Management LLC's portfolio, making the stock its 19th largest holding. Worth Asset Management LLC's holdings in AT&T were worth $2,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Brighton Jones LLC lifted its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. Heck Capital Advisors LLC purchased a new stake in AT&T during the fourth quarter worth $39,000. Chicago Partners Investment Group LLC grew its holdings in AT&T by 5.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 58,948 shares of the technology company's stock valued at $1,307,000 after purchasing an additional 2,792 shares during the last quarter. Independence Bank of Kentucky increased its position in shares of AT&T by 52.4% in the fourth quarter. Independence Bank of Kentucky now owns 10,973 shares of the technology company's stock valued at $250,000 after buying an additional 3,775 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in AT&T by 4.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 207,042 shares of the technology company's stock worth $4,714,000 after acquiring an additional 8,354 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Williams Trading set a $30.00 price objective on shares of AT&T in a research report on Thursday, April 24th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Finally, Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. One 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Up 0.2%

Shares of AT&T stock traded up $0.06 during trading on Tuesday, reaching $27.99. The company had a trading volume of 26,081,577 shares, compared to its average volume of 36,692,554. The company has a market cap of $201.42 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The firm's fifty day moving average is $27.36 and its 200-day moving average is $25.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during 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%. AT&T's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.97%. AT&T's payout ratio is currently 68.10%.

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.