Investors Asset Management of Georgia Inc. GA ADV Grows Stock Holdings in AT&T Inc. (NYSE:T)

Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of AT&T Inc. (NYSE:T) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,510 shares of the technology company’s stock after buying an additional 876 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in AT&T were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Twin Capital Management Inc. raised its stake in AT&T by 27.0% in the fourth quarter. Twin Capital Management Inc. now owns 158,635 shares of the technology company’s stock worth $2,662,000 after buying an additional 33,760 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in AT&T by 76.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,806 shares of the technology company’s stock worth $265,000 after buying an additional 6,859 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in AT&T by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 674,638 shares of the technology company’s stock worth $11,320,000 after buying an additional 48,480 shares in the last quarter. Alpha Omega Wealth Management LLC raised its stake in AT&T by 6.5% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 500,114 shares of the technology company’s stock worth $8,392,000 after buying an additional 30,480 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of AT&T during the fourth quarter valued at approximately $454,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on T shares. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Tigress Financial raised 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, Citigroup raised their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

AT&T Stock Performance

Shares of AT&T stock traded up $0.10 on Thursday, hitting $16.22. 17,883,334 shares of the company’s stock were exchanged, compared to its average volume of 38,316,449. The company has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $16.48. The stock has a market capitalization of $116.02 billion, a PE ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $19.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. As a group, equities analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. 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 6.84%. AT&T’s dividend payout ratio is currently 56.63%.

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.