Freestone Capital Holdings LLC Raises Stock Position in AT&T Inc. (NYSE:T)

Freestone Capital Holdings LLC increased its stake in AT&T Inc. (NYSE:T) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,538 shares of the technology company’s stock after acquiring an additional 2,373 shares during the quarter. Freestone Capital Holdings LLC’s holdings in AT&T were worth $3,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. Wealthstream Advisors Inc. boosted its stake in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock worth $282,000 after purchasing an additional 444 shares during the last quarter. Northeast Investment Management boosted its stake in AT&T by 0.9% during the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 451 shares during the last quarter. Chesapeake Wealth Management boosted its stake in AT&T by 1.9% during the 3rd quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock worth $535,000 after purchasing an additional 460 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. boosted its stake in AT&T by 2.8% during the 4th quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock worth $385,000 after purchasing an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada boosted their price target 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. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Stock Performance

Shares of T opened at $26.19 on Thursday. The stock has a 50 day moving average price of $24.14 and a 200 day moving average price of $22.72. 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 capitalization of $188.03 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth 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.

AT&T (NYSE:T) last announced its quarterly 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%. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

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.