AT&T Inc. (NYSE:T) Shares Bought by Advance Capital Management Inc.

Advance Capital Management Inc. lifted its holdings in shares of AT&T Inc. (NYSE:T) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,290 shares of the technology company’s stock after buying an additional 831 shares during the period. Advance Capital Management Inc.’s holdings in AT&T were worth $2,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Neville Rodie & Shaw Inc. lifted its stake in shares of AT&T by 92.6% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 58,775 shares of the technology company’s stock worth $1,338,000 after acquiring an additional 28,262 shares during the period. Burkett Financial Services LLC raised its holdings in AT&T by 1.1% during the fourth quarter. Burkett Financial Services LLC now owns 72,062 shares of the technology company’s stock worth $1,641,000 after purchasing an additional 775 shares in the last quarter. Legacy Wealth Management LLC MS raised its holdings in AT&T by 8.8% during the fourth quarter. Legacy Wealth Management LLC MS now owns 51,519 shares of the technology company’s stock worth $1,173,000 after purchasing an additional 4,157 shares in the last quarter. Pensionfund Sabic lifted its position in AT&T by 28.2% in the fourth quarter. Pensionfund Sabic now owns 113,500 shares of the technology company’s stock worth $2,584,000 after purchasing an additional 25,000 shares during the period. Finally, Centre Asset Management LLC boosted its stake in AT&T by 7.5% during the 4th quarter. Centre Asset Management LLC now owns 93,950 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 6,550 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Redburn Atlantic upgraded AT&T to a “strong sell” rating in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $22.00 to $26.00 in a report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.76.

AT&T Stock Down 0.4 %

Shares of NYSE T traded down $0.08 during mid-day trading on Monday, reaching $22.59. 34,393,240 shares of the company traded hands, compared to its average volume of 26,225,787. The company’s fifty day moving average is $22.82 and its two-hundred day moving average is $21.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The stock has a market cap of $162.09 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.91%. AT&T’s dividend payout ratio is presently 90.24%.

AT&T Company 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.