Annex Advisory Services LLC Increases Stock Holdings in AT&T Inc. (NYSE:T)

Annex Advisory Services LLC boosted its position in AT&T Inc. (NYSE:T) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,912 shares of the technology company’s stock after acquiring an additional 859 shares during the quarter. Annex Advisory Services LLC’s holdings in AT&T were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in shares of AT&T by 7.6% during the second quarter. Sei Investments Co. now owns 2,876,014 shares of the technology company’s stock worth $54,961,000 after purchasing an additional 202,159 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of AT&T by 4.7% during the second quarter. Thrivent Financial for Lutherans now owns 475,114 shares of the technology company’s stock worth $9,080,000 after purchasing an additional 21,233 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of AT&T by 7.6% during the second quarter. Profund Advisors LLC now owns 86,117 shares of the technology company’s stock worth $1,646,000 after purchasing an additional 6,080 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of AT&T by 8.4% during the second quarter. ProShare Advisors LLC now owns 1,008,133 shares of the technology company’s stock worth $19,265,000 after purchasing an additional 77,932 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in shares of AT&T by 9.6% during the second quarter. Fidelis Capital Partners LLC now owns 33,575 shares of the technology company’s stock worth $646,000 after purchasing an additional 2,943 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

NYSE:T opened at $22.30 on Tuesday. The firm has a market capitalization of $159.97 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The stock has a 50 day moving average of $22.79 and a 200-day moving average of $21.35. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. Analysts predict that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. AT&T’s dividend payout ratio is presently 90.24%.

Analyst Ratings Changes

A number of brokerages have commented on T. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Sanford C. Bernstein started coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

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.