Sustainable Insight Capital Management LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Sustainable Insight Capital Management LLC raised its stake in AT&T Inc. (NYSE:T) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 544,763 shares of the technology company’s stock after acquiring an additional 88,563 shares during the quarter. AT&T makes up approximately 5.4% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Sustainable Insight Capital Management LLC’s holdings in AT&T were worth $12,404,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in AT&T in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the 3rd quarter worth approximately $35,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T during the 3rd quarter worth approximately $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. JPMorgan Chase & Co. boosted their price target 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. Finally, UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.83.

AT&T Trading Up 0.9 %

T opened at $22.51 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company’s 50-day moving average is $22.80 and its 200 day moving average is $21.40. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The firm has a market capitalization of $161.54 billion, a PE ratio of 18.30, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced 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. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company 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 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 4.93%. AT&T’s dividend payout ratio is currently 90.24%.

AT&T 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.