AT&T Inc. (NYSE:T) Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC increased its stake in AT&T Inc. (NYSE:T) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,685 shares of the technology company’s stock after acquiring an additional 2,817 shares during the period. Advisory Alpha LLC’s holdings in AT&T were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of T. State Street Corp raised its stake in AT&T by 3.4% in the second quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock valued at $4,738,520,000 after buying an additional 9,781,352 shares in the last quarter. Newport Trust Company LLC raised its stake in AT&T by 0.3% in the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares in the last quarter. Morgan Stanley raised its stake in AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after buying an additional 29,769,976 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in AT&T by 85,003.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after buying an additional 76,746,649 shares in the last quarter. Finally, Northern Trust Corp raised its stake in AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after buying an additional 1,828,237 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Wells Fargo & Company raised their price target on AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Friday, January 19th. Finally, Tigress Financial raised their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.61.

AT&T Price Performance

Shares of AT&T stock traded down $0.03 during trading on Thursday, hitting $17.58. 24,442,430 shares of the company were exchanged, compared to its average volume of 38,493,934. The firm has a 50 day moving average price of $17.19 and a 200 day moving average price of $16.37. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $125.75 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.64 and a beta of 0.57. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.99.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.31%. AT&T’s dividend payout ratio is presently 56.63%.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.