Quantinno Capital Management LP Has $14.41 Million Position in AT&T Inc. (NYSE:T)

Quantinno Capital Management LP increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,758 shares of the technology company's stock after buying an additional 148,839 shares during the period. Quantinno Capital Management LP's holdings in AT&T were worth $14,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in T. Minot DeBlois Advisors LLC bought a new position in AT&T in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the 4th quarter worth $28,000. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. YANKCOM Partnership purchased a new position in shares of AT&T during the fourth quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T in the 4th quarter worth approximately $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company boosted 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. Evercore ISI raised 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. Citigroup restated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Oppenheimer boosted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Price Performance

AT&T stock traded up $0.39 during trading hours on Friday, hitting $27.72. 31,085,059 shares of the stock were exchanged, compared to its average volume of 36,784,167. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $199.43 billion, a P/E ratio of 18.60, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12 month low of $17.11 and a 12 month high of $29.03. The business's 50-day moving average is $27.18 and its two-hundred day moving average is $24.90.

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 the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.00%. AT&T's dividend payout ratio is currently 68.10%.

AT&T Company 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.