AT&T Inc. (NYSE:T) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 6.3% in the fourth quarter, HoldingsChannel reports. The firm owned 420,688 shares of the technology company’s stock after buying an additional 24,814 shares during the period. Tectonic Advisors LLC’s holdings in AT&T were worth $9,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. AMF Tjanstepension AB grew its position in AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares during the period. Czech National Bank grew its position in shares of AT&T by 6.9% during the 3rd quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock valued at $32,134,000 after acquiring an additional 94,312 shares during the period. WealthBridge Capital Management LLC acquired a new stake in shares of AT&T during the 3rd quarter valued at about $218,000. Diversified Trust Co raised its holdings in AT&T by 12.8% in the 3rd quarter. Diversified Trust Co now owns 169,227 shares of the technology company’s stock worth $3,723,000 after purchasing an additional 19,255 shares during the period. Finally, Everpar Advisors LLC boosted its position in AT&T by 16.8% during the third quarter. Everpar Advisors LLC now owns 12,474 shares of the technology company’s stock worth $274,000 after purchasing an additional 1,796 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of T stock opened at $24.26 on Wednesday. The firm’s 50-day moving average is $22.97 and its two-hundred day moving average is $21.73. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $174.05 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. Analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 29th. Sanford C. Bernstein upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Finally, Citigroup upped their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.21.

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.