Foundations Investment Advisors LLC Acquires 105,284 Shares of AT&T Inc. (NYSE:T)

Foundations Investment Advisors LLC raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 115.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,236 shares of the technology company's stock after acquiring an additional 105,284 shares during the quarter. Foundations Investment Advisors LLC's holdings in AT&T were worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company's stock valued at $39,000 after acquiring an additional 606 shares during the period. JB Capital LLC lifted its stake in AT&T by 2.4% during the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company's stock valued at $447,000 after acquiring an additional 614 shares during the period. Connecticut Wealth Management LLC lifted its stake in AT&T by 3.0% during the 4th quarter. Connecticut Wealth Management LLC now owns 21,601 shares of the technology company's stock valued at $362,000 after acquiring an additional 620 shares during the period. Adell Harriman & Carpenter Inc. lifted its stake in AT&T by 0.6% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 111,852 shares of the technology company's stock valued at $1,877,000 after acquiring an additional 630 shares during the period. Finally, Schubert & Co lifted its stake in AT&T by 2.0% during the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company's stock valued at $486,000 after acquiring an additional 631 shares during the period. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. Oppenheimer upgraded shares of AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 target price for the company in a research note on Friday, January 19th. TheStreet upgraded shares of AT&T from a "c" rating to a "b-" rating in a research note on Wednesday, January 24th. Citigroup boosted their target price on shares of AT&T from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, February 1st. Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $20.81.

AT&T Trading Up 0.2 %

NYSE T traded up $0.04 during trading hours on Wednesday, reaching $17.34. The company had a trading volume of 30,859,709 shares, compared to its average volume of 37,927,645. The stock has a 50-day moving average of $17.00 and a 200 day moving average of $16.77. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $124.33 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion for the quarter, compared to analysts' expectations of $30.62 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. AT&T's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.40%. AT&T's dividend payout ratio is presently 59.68%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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