Stephens Inc. AR Raises Stock Position in AT&T Inc. $T

Stephens Inc. AR lifted its stake in shares of AT&T Inc. (NYSE:T) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 767,073 shares of the technology company’s stock after buying an additional 40,162 shares during the quarter. Stephens Inc. AR’s holdings in AT&T were worth $21,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of T. Front Row Advisors LLC bought a new position in shares of AT&T in the 2nd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. raised its holdings in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. O Brien Wealth Partners LLC purchased a new position in AT&T during the second quarter valued at $26,000. Kennebec Savings Bank lifted its position in AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock valued at $28,000 after buying an additional 783 shares during the period. Finally, Solstein Capital LLC boosted its holdings in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the subject of several research reports. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. KeyCorp raised shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Tuesday, November 11th. Arete Research set a $20.00 price target on AT&T in a research report on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Finally, Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.35.

AT&T Price Performance

Shares of NYSE T opened at $23.29 on Wednesday. The firm has a market cap of $165.09 billion, a P/E ratio of 7.56, a PEG ratio of 1.29 and a beta of 0.39. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average of $24.87 and a 200 day moving average of $26.70.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same quarter last year, the company earned $0.60 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a dividend of $0.2775 per share. The ex-dividend date is Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.8%. AT&T’s dividend payout ratio is currently 36.04%.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.