AT&T Inc. (NYSE:T) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC lifted its holdings in AT&T Inc. (NYSE:T) by 5.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,634 shares of the technology company’s stock after purchasing an additional 750 shares during the period. Intellectus Partners LLC’s holdings in AT&T were worth $333,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in AT&T by 7.1% during the 4th quarter. Larson Financial Group LLC now owns 42,273 shares of the technology company’s stock worth $963,000 after purchasing an additional 2,792 shares in the last quarter. HM Payson & Co. grew its position in shares of AT&T by 4.4% during the fourth quarter. HM Payson & Co. now owns 20,825 shares of the technology company’s stock worth $474,000 after buying an additional 882 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $413,000. AMF Tjanstepension AB raised its holdings in AT&T by 30.6% in the fourth quarter. AMF Tjanstepension AB now owns 2,014,023 shares of the technology company’s stock valued at $45,859,000 after acquiring an additional 472,299 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in AT&T in the fourth quarter worth approximately $3,347,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on T. Royal Bank of Canada increased their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Stock Performance

NYSE T opened at $27.15 on Friday. The firm has a market cap of $194.85 billion, a P/E ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The business’s 50-day moving average price is $24.30 and its 200 day moving average price is $22.82. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced 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, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

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.