Xcel Wealth Management LLC raised its position in AT&T Inc. (NYSE:T) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,098 shares of the technology company’s stock after buying an additional 2,313 shares during the period. AT&T accounts for about 1.3% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Xcel Wealth Management LLC’s holdings in AT&T were worth $2,907,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of AT&T by 2.2% in the third quarter. Morgan Stanley now owns 75,022,082 shares of the technology company’s stock valued at $2,138,879,000 after buying an additional 1,628,117 shares during the last quarter. California Public Employees Retirement System raised its stake in AT&T by 1.8% during the 3rd quarter. California Public Employees Retirement System now owns 27,847,778 shares of the technology company’s stock worth $793,940,000 after buying an additional 496,199 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in AT&T by 5.0% during the third quarter. UBS Asset Management Americas Inc. now owns 26,565,696 shares of the technology company’s stock worth $757,388,000 after acquiring an additional 1,264,483 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of AT&T by 850.8% during the third quarter. Voloridge Investment Management LLC now owns 12,181,178 shares of the technology company’s stock worth $347,285,000 after purchasing an additional 10,900,074 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in AT&T by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 11,294,810 shares of the technology company’s stock worth $341,442,000 after buying an additional 411,034 shares during the period. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

T has been the topic of a number of research analyst reports. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, January 4th. Wells Fargo & Company reissued an “underweight” rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, November 16th. Morgan Stanley cut AT&T from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $36.00 to $34.00 in a research note on Thursday, December 17th. Royal Bank of Canada cut their price objective on shares of AT&T from $32.00 to $30.00 in a research report on Monday, October 26th. Finally, National Bank Financial raised AT&T to an “outperform” rating and upped their target price for the company from $25.00 to $27.00 in a research report on Monday, November 9th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $32.40.

Shares of T stock traded down $0.19 on Wednesday, reaching $28.56. The company had a trading volume of 325,330 shares, compared to its average volume of 52,354,098. The business’s 50-day moving average is $29.37 and its 200 day moving average is $29.09. AT&T Inc. has a one year low of $26.08 and a one year high of $39.14. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $203.52 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69.

AT&T (NYSE:T) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). AT&T had a return on equity of 13.03% and a net margin of 6.84%. The company had revenue of $42.43 billion for the quarter, compared to analyst estimates of $41.66 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. AT&T’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 3.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Monday, January 11th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, January 8th. This represents a $2.08 annualized dividend and a dividend yield of 7.28%. AT&T’s dividend payout ratio (DPR) is presently 58.26%.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: Book Value Per Share – BVPS

Institutional Ownership by Quarter for AT&T (NYSE:T)

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