Graves Light Lenhart Wealth Inc. Has $494,000 Position in AT&T Inc. (NYSE:T)

Graves Light Lenhart Wealth Inc. lifted its position in AT&T Inc. (NYSE:T) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,712 shares of the technology company’s stock after acquiring an additional 1,711 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in AT&T were worth $494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of T. Mercer Global Advisors Inc. ADV raised its position in AT&T by 1,379.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company’s stock valued at $270,581,000 after buying an additional 13,201,774 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of AT&T by 43.3% in the second quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company’s stock valued at $414,563,000 after purchasing an additional 6,602,586 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company’s stock worth $3,532,684,000 after purchasing an additional 3,630,972 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in AT&T by 110.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,155,046 shares of the technology company’s stock valued at $117,623,000 after buying an additional 3,228,888 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of AT&T by 1,901.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 3,166,814 shares of the technology company’s stock valued at $60,518,000 after acquiring an additional 3,008,549 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $22.00 to $26.00 in a report on Monday, January 6th. Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.76.

AT&T Stock Down 0.6 %

Shares of AT&T stock opened at $21.56 on Tuesday. The stock’s 50-day moving average is $22.81 and its 200 day moving average is $21.26. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The firm has a market cap of $154.70 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its 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 during 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 firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 5.15%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

About AT&T

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.