AT&T Inc. (NYSE:T) Shares Bought by RFG Advisory LLC

RFG Advisory LLC lifted its stake in AT&T Inc. (NYSE:T) by 28.9% in the fourth quarter, HoldingsChannel reports. The fund owned 90,323 shares of the technology company’s stock after purchasing an additional 20,272 shares during the quarter. RFG Advisory LLC’s holdings in AT&T were worth $2,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AT&T in the 2nd quarter worth approximately $44,000. APG Asset Management N.V. raised its holdings in shares of AT&T by 6.8% in the 2nd quarter. APG Asset Management N.V. now owns 4,621,726 shares of the technology company’s stock worth $82,408,000 after purchasing an additional 294,388 shares in the last quarter. Delta Investment Management LLC raised its holdings in shares of AT&T by 19.3% in the 2nd quarter. Delta Investment Management LLC now owns 12,139 shares of the technology company’s stock worth $232,000 after purchasing an additional 1,962 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of AT&T by 29.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 26,966 shares of the technology company’s stock worth $515,000 after purchasing an additional 6,176 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of AT&T in the 2nd quarter worth approximately $9,836,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.7 %

AT&T stock opened at $22.69 on Friday. The firm has a market cap of $162.77 billion, a PE ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. 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 firm’s 50 day moving average price is $22.80 and its two-hundred day moving average price is $21.41. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analyst Weigh In

A number of analysts recently commented on T shares. The Goldman Sachs Group boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $22.00 to $26.00 in a report on Monday, January 6th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Sanford C. Bernstein started coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.