AT&T Inc. (NYSE:T) Shares Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. increased its holdings in shares of AT&T Inc. (NYSE:T) by 19.0% during the fourth quarter, HoldingsChannel reports. The fund owned 15,639 shares of the technology company’s stock after buying an additional 2,495 shares during the period. United Asset Strategies Inc.’s holdings in AT&T were worth $262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sora Investors LLC acquired a new stake in AT&T in the third quarter valued at $11,265,000. Robeco Institutional Asset Management B.V. grew its holdings in AT&T by 2.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after purchasing an additional 383,015 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after buying an additional 1,178 shares during the last quarter. Retireful LLC purchased a new stake in AT&T in the 4th quarter valued at about $1,163,000. Finally, Terril Brothers Inc. grew its holdings in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after buying an additional 202,637 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $16.12 on Thursday. The business’s 50 day moving average is $17.02 and its two-hundred day moving average is $16.48. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.87. The firm has a market cap of $115.30 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.43 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (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 analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. Analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Wall Street Analyst Weigh In

Several research firms have commented on T. Deutsche Bank Aktiengesellschaft lifted their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, January 19th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $20.68.

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.