AT&T Inc. (NYSE:T) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance raised its position in AT&T Inc. (NYSE:T) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,508 shares of the technology company’s stock after purchasing an additional 32,636 shares during the quarter. Independent Advisor Alliance’s holdings in AT&T were worth $4,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in AT&T by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock valued at $3,532,684,000 after acquiring an additional 3,630,972 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. FMR LLC increased its holdings in shares of AT&T by 1.9% during the third quarter. FMR LLC now owns 60,986,064 shares of the technology company’s stock valued at $1,341,693,000 after purchasing an additional 1,149,688 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of AT&T by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 53,057,676 shares of the technology company’s stock valued at $1,208,123,000 after purchasing an additional 414,984 shares in the last quarter. Finally, Amundi lifted its holdings in AT&T by 19.8% in the fourth quarter. Amundi now owns 33,963,826 shares of the technology company’s stock worth $753,318,000 after purchasing an additional 5,614,168 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 4.6 %

Shares of NYSE:T opened at $26.02 on Wednesday. The firm has a 50 day simple moving average of $24.46 and a 200 day simple moving average of $22.94. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. 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 cap of $186.74 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.27%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Scotiabank raised their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. 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 research report on Monday, December 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 research note on Thursday, December 5th. Finally, UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Company 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.