AT&T Inc. (NYSE:T) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in shares of AT&T Inc. (NYSE:T) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 443,076 shares of the technology company’s stock after acquiring an additional 15,438 shares during the period. D.A. Davidson & CO.’s holdings in AT&T were worth $10,089,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the third quarter valued at about $25,000. YANKCOM Partnership acquired a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% in the third 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 in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the subject of a number of research reports. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Up 0.8 %

Shares of NYSE:T opened at $26.07 on Wednesday. The company has a market capitalization of $187.09 billion, a PE ratio of 17.50, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.18. The firm has a 50 day simple moving average of $23.28 and a 200-day simple moving average of $22.12.

AT&T (NYSE:T) last issued 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 analysts predict that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued 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 4.26%. AT&T’s payout ratio is 74.50%.

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.