United Bank Boosts Stake in AT&T Inc. (NYSE:T)

United Bank lifted its holdings in shares of AT&T Inc. (NYSE:T) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,511 shares of the technology company’s stock after acquiring an additional 875 shares during the quarter. United Bank’s holdings in AT&T were worth $991,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth about $14,700,000. Franklin Resources Inc. lifted its holdings in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp boosted its stake in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares during the period. Fortress Financial Solutions LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $691,000. Finally, West Family Investments Inc. raised its position in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock worth $864,000 after purchasing an additional 15,680 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on T. UBS Group upped 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. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Citigroup increased their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Trading Down 0.0 %

Shares of NYSE:T opened at $28.20 on Friday. 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 stock has a market capitalization of $202.40 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. The company has a 50 day moving average price of $25.70 and a 200 day moving average price of $23.53. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.51.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. On average, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T’s payout ratio is 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.