AT&T Inc. (NYSE:T) Holdings Lifted by World Investment Advisors LLC

World Investment Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 28.4% during the third quarter, HoldingsChannel.com reports. The firm owned 174,118 shares of the technology company’s stock after acquiring an additional 38,548 shares during the period. World Investment Advisors LLC’s holdings in AT&T were worth $3,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of T. Strategic Financial Concepts LLC boosted its holdings in AT&T by 227.6% in the second quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after purchasing an additional 91,578 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the third quarter valued at approximately $25,000. Riggs Asset Managment Co. Inc. grew its position in AT&T by 356.5% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock worth $27,000 after buying an additional 1,116 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. Finally, American Capital Advisory LLC raised its stake in shares of AT&T by 107.5% in the 2nd quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after buying an additional 807 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on T. Sanford C. Bernstein assumed coverage on AT&T in a research note on Tuesday. They issued an “outperform” rating and a $28.00 price target on the stock. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Citigroup upped their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of AT&T in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

AT&T Stock Up 1.2 %

AT&T stock opened at $23.63 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market cap of $169.55 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 3.57 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The firm’s 50-day simple moving average is $22.50 and its 200 day simple moving average is $20.55.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the business posted $0.64 earnings per share. AT&T’s revenue was down .5% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

AT&T Profile

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.