Howard Bailey Securities LLC Buys 1,536 Shares of AT&T Inc. (NYSE:T)

Howard Bailey Securities LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,844 shares of the technology company’s stock after buying an additional 1,536 shares during the quarter. Howard Bailey Securities LLC’s holdings in AT&T were worth $270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hemington Wealth Management grew its stake in AT&T by 11.5% in the fourth quarter. Hemington Wealth Management now owns 9,394 shares of the technology company’s stock valued at $213,000 after acquiring an additional 970 shares during the period. TFC Financial Management Inc. raised its holdings in AT&T by 44.8% during the 4th quarter. TFC Financial Management Inc. now owns 4,842 shares of the technology company’s stock worth $110,000 after buying an additional 1,499 shares during the period. Consolidated Planning Corp lifted its stake in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after buying an additional 21,927 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of AT&T by 7.2% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 17,239 shares of the technology company’s stock worth $393,000 after acquiring an additional 1,157 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in AT&T in the 4th quarter valued at $35,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 0.9 %

T stock opened at $25.37 on Thursday. The stock has a fifty day moving average of $23.11 and a 200-day moving average of $21.94. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $25.38. 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 company has a market capitalization of $182.04 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 2.79 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 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%. As a group, equities research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Ratings Changes

Several equities research analysts have commented on T shares. The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada lifted their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Scotiabank raised their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.