Kanawha Capital Management LLC Boosts Stake in AT&T Inc. (NYSE:T)

Kanawha Capital Management LLC lifted its holdings in AT&T Inc. (NYSE:T) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,222 shares of the technology company’s stock after buying an additional 6,331 shares during the quarter. Kanawha Capital Management LLC’s holdings in AT&T were worth $2,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. AMF Tjanstepension AB boosted 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 worth $33,918,000 after purchasing an additional 1,161,152 shares in the last quarter. Creative Planning raised its holdings in shares of AT&T by 2.8% in the third quarter. Creative Planning now owns 1,564,777 shares of the technology company’s stock worth $34,413,000 after acquiring an additional 43,218 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of AT&T in the third quarter worth $262,000. Opal Wealth Advisors LLC raised its holdings in shares of AT&T by 53.9% in the third quarter. Opal Wealth Advisors LLC now owns 11,294 shares of the technology company’s stock worth $248,000 after acquiring an additional 3,955 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its holdings in shares of AT&T by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 54,411 shares of the technology company’s stock worth $1,197,000 after acquiring an additional 1,466 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $25.63 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $25.74. The business has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $21.96. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $183.87 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.33%. AT&T’s payout ratio is presently 74.50%.

Wall Street Analyst Weigh In

Several research firms recently commented on T. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. The Goldman Sachs Group increased their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, DZ Bank raised 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T 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.