AT&T Inc. (NYSE:T) Stock Holdings Lifted by Cypress Wealth Services LLC

Cypress Wealth Services LLC lifted its position in AT&T Inc. (NYSE:T) by 15.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,178 shares of the technology company’s stock after acquiring an additional 1,912 shares during the quarter. Cypress Wealth Services LLC’s holdings in AT&T were worth $323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Bradley Foster & Sargent Inc. CT lifted its position in shares of AT&T by 1.9% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 31,101 shares of the technology company’s stock worth $594,000 after purchasing an additional 570 shares in the last quarter. Blair William & Co. IL lifted its position in AT&T by 4.4% in the 2nd quarter. Blair William & Co. IL now owns 406,190 shares of the technology company’s stock worth $7,762,000 after buying an additional 17,001 shares in the last quarter. Waterloo Capital L.P. purchased a new stake in AT&T in the 2nd quarter worth approximately $441,000. WCG Wealth Advisors LLC boosted its stake in shares of AT&T by 14.2% during the 2nd quarter. WCG Wealth Advisors LLC now owns 59,838 shares of the technology company’s stock valued at $1,144,000 after buying an additional 7,438 shares during the period. Finally, Cowa LLC grew its holdings in shares of AT&T by 70.9% during the 2nd quarter. Cowa LLC now owns 45,760 shares of the technology company’s stock valued at $874,000 after acquiring an additional 18,977 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of a number of research reports. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. The Goldman Sachs Group increased their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays lifted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Stock Up 1.2 %

Shares of T stock opened at $22.30 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market cap of $159.97 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The stock has a 50 day moving average of $22.79 and a 200-day moving average of $21.29.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, equities analysts predict that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.