AT&T Inc. (NYSE:T) Stock Holdings Boosted by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lifted its position in AT&T Inc. (NYSE:T) by 38.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,569 shares of the technology company’s stock after buying an additional 4,024 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in AT&T were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Insight Inv LLC lifted its position in shares of AT&T by 16.4% during the 4th quarter. Insight Inv LLC now owns 59,757 shares of the technology company’s stock valued at $1,361,000 after acquiring an additional 8,403 shares during the last quarter. Stewardship Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth $204,000. First Bancorp Inc ME lifted its holdings in shares of AT&T by 7.9% during the fourth quarter. First Bancorp Inc ME now owns 32,893 shares of the technology company’s stock valued at $749,000 after purchasing an additional 2,397 shares during the last quarter. Compass Wealth Management LLC boosted its position in shares of AT&T by 38.9% in the 4th quarter. Compass Wealth Management LLC now owns 5,395 shares of the technology company’s stock valued at $123,000 after purchasing an additional 1,512 shares during the period. Finally, Cedar Mountain Advisors LLC increased its stake in AT&T by 508.3% in the 4th quarter. Cedar Mountain Advisors LLC now owns 2,506 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,094 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on T. Wells Fargo & Company reduced their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Price Performance

NYSE T opened at $22.69 on Friday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The stock’s 50-day moving average is $22.80 and its two-hundred day moving average is $21.44. The firm has a market cap of $162.77 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. On average, analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

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.