Kovitz Investment Group Partners LLC raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 582,923 shares of the technology company's stock after buying an additional 13,680 shares during the period. Kovitz Investment Group Partners LLC's holdings in AT&T were worth $13,273,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth $14,700,000. Franklin Resources Inc. raised its position in shares of AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp lifted its stake in AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after purchasing an additional 21,927 shares during the last quarter. Keystone Financial Group increased its stake in AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock valued at $5,322,000 after purchasing an additional 143,744 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after buying an additional 63,359 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
Wall Street Analysts Forecast Growth
T has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Cowen reissued a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Evercore ISI increased their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.71.
Check Out Our Latest Research Report on T
AT&T Trading Up 0.7 %
Shares of NYSE T traded up $0.20 during midday trading on Wednesday, hitting $27.50. The stock had a trading volume of 11,245,345 shares, compared to its average volume of 36,283,999. The company has a fifty day moving average price of $27.00 and a 200 day moving average price of $24.41. The company has a market capitalization of $197.40 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $16.73 and a 1-year high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.
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 business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the firm earned $0.55 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.
About AT&T
(
Free Report)
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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