World Investment Advisors Buys 63,359 Shares of AT&T Inc. (NYSE:T)

World Investment Advisors increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 36.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,477 shares of the technology company's stock after purchasing an additional 63,359 shares during the period. World Investment Advisors' holdings in AT&T were worth $5,407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $14,700,000. Franklin Resources Inc. raised its holdings in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after buying an additional 2,326,904 shares during the period. Consolidated Planning Corp lifted its stake in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $691,000. Finally, West Family Investments Inc. boosted its stake in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after acquiring an additional 15,680 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 0.1 %

Shares of NYSE T traded up $0.02 during mid-day trading on Monday, reaching $26.66. 37,746,194 shares of the company traded hands, compared to its average volume of 36,463,289. The company's fifty day moving average is $26.26 and its two-hundred day moving average is $23.76. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $29.03. 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 cap of $191.33 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.16%. AT&T's payout ratio is 74.50%.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. Scotiabank increased their price target on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday. Finally, Oppenheimer boosted their price objective on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.21.

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.