AT&T Inc. (NYSE:T) Stock Holdings Increased by Investment Advisory Group LLC

Investment Advisory Group LLC increased its holdings in AT&T Inc. (NYSE:T) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,126 shares of the technology company’s stock after purchasing an additional 1,241 shares during the quarter. Investment Advisory Group LLC’s holdings in AT&T were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its position in shares of AT&T by 0.5% in the first quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock worth $5,530,602,000 after acquiring an additional 1,567,008 shares in the last quarter. Newport Trust Company LLC grew its position in AT&T by 0.3% during 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 purchasing an additional 673,043 shares in the last quarter. Morgan Stanley grew its position in AT&T by 37.3% during the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after purchasing an additional 29,769,976 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in AT&T by 85,003.0% during 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 purchasing an additional 76,746,649 shares in the last quarter. Finally, Northern Trust Corp grew its position in AT&T by 2.5% during 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 purchasing an additional 1,828,237 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

NYSE:T traded down $0.16 during mid-day trading on Tuesday, reaching $16.08. 22,008,348 shares of the company were exchanged, compared to its average volume of 38,276,340. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.92. The company has a fifty day moving average of $17.07 and a 200 day moving average of $16.48. 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 cap of $115.02 billion, a PE ratio of 8.16, a PEG ratio of 2.46 and a beta of 0.57.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.90%. AT&T’s payout ratio is presently 56.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on T. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Friday, January 19th. Barclays lifted their target price on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Tigress Financial lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

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.