Chicago Partners Investment Group LLC Raises Stake in AT&T Inc. (NYSE:T)

Chicago Partners Investment Group LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,948 shares of the technology company’s stock after buying an additional 2,792 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in AT&T were worth $1,307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the 4th quarter valued at $34,000. Reston Wealth Management LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 1.2 %

T stock opened at $23.74 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The firm has a 50 day simple moving average of $22.92 and a 200-day simple moving average of $21.64. The company has a market capitalization of $170.34 billion, a P/E ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that AT&T Inc. will post 2.12 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on T shares. Scotiabank boosted their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.11.

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.