TBH Global Asset Management LLC Grows Position in AT&T Inc. (NYSE:T)

TBH Global Asset Management LLC grew its stake in AT&T Inc. (NYSE:T) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,045 shares of the technology company’s stock after buying an additional 1,557 shares during the quarter. TBH Global Asset Management LLC’s holdings in AT&T were worth $593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its position in shares of 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. Whittier Trust Co. grew its holdings in AT&T by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 58,961 shares of the technology company’s stock valued at $1,297,000 after buying an additional 1,078 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of AT&T by 20.4% during the third quarter. Foundations Investment Advisors LLC now owns 292,688 shares of the technology company’s stock valued at $6,439,000 after buying an additional 49,590 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of AT&T by 45.8% in the third quarter. Sequoia Financial Advisors LLC now owns 247,992 shares of the technology company’s stock worth $5,456,000 after buying an additional 77,849 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. boosted its position in shares of AT&T by 35.0% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 31,629 shares of the technology company’s stock worth $696,000 after acquiring an additional 8,196 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of T opened at $26.23 on Thursday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.35. The company has a 50 day moving average of $23.38 and a two-hundred day moving average of $22.20. 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 company has a market cap of $188.28 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.96 and a beta of 0.59.

AT&T (NYSE:T) last issued 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 return on equity of 13.97% and a net margin of 8.95%. As a group, analysts predict that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.23%. AT&T’s dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

Several brokerages have recently issued reports on T. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. 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 research note on Wednesday, January 29th. Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Evercore ISI increased their price target on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.