Price T Rowe Associates Inc. MD Has $593.84 Million Position in AT&T Inc. (NYSE:T)

Price T Rowe Associates Inc. MD decreased its position in AT&T Inc. (NYSE:T - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,079,671 shares of the technology company's stock after selling 3,973,290 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.36% of AT&T worth $593,835,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter worth about $28,000. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC grew its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of AT&T during the 4th quarter worth approximately $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on T. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research note on Thursday. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Tigress Financial lifted their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

Shares of NYSE T traded up $0.09 during midday trading on Tuesday, hitting $27.35. 7,845,678 shares of the company's stock were exchanged, compared to its average volume of 36,343,883. AT&T Inc. has a twelve month low of $16.73 and a twelve month high of $29.03. The firm has a market cap of $196.29 billion, a P/E ratio of 18.35, a PEG ratio of 3.00 and a beta of 0.42. The stock's 50 day moving average price is $26.98 and its 200-day moving average price is $24.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last issued 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 company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

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.