Gilbert & Cook Inc. Acquires 873 Shares of AT&T Inc. (NYSE:T)

Gilbert & Cook Inc. raised its holdings in AT&T Inc. (NYSE:T) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,913 shares of the technology company’s stock after buying an additional 873 shares during the quarter. Gilbert & Cook Inc.’s holdings in AT&T were worth $772,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of AT&T during the fourth quarter worth about $477,000. OLD Second National Bank of Aurora grew its stake in shares of AT&T by 19.9% during the fourth quarter. OLD Second National Bank of Aurora now owns 6,524 shares of the technology company’s stock worth $149,000 after buying an additional 1,082 shares during the last quarter. First Affirmative Financial Network lifted its holdings in shares of AT&T by 15.9% during the fourth quarter. First Affirmative Financial Network now owns 16,735 shares of the technology company’s stock worth $381,000 after purchasing an additional 2,298 shares during the period. DMC Group LLC lifted its holdings in AT&T by 5.2% in the fourth quarter. DMC Group LLC now owns 33,026 shares of the technology company’s stock valued at $752,000 after buying an additional 1,640 shares during the period. Finally, Ferguson Shapiro LLC increased its stake in AT&T by 3.3% in the fourth quarter. Ferguson Shapiro LLC now owns 23,143 shares of the technology company’s stock valued at $527,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on T shares. Barclays increased their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. UBS Group upped their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Evercore ISI upped their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.11.

AT&T Price Performance

T stock traded down $0.31 during midday trading on Thursday, reaching $23.92. 4,157,575 shares of the company’s stock traded hands, compared to its average volume of 37,139,805. The company has a 50-day simple moving average of $22.89 and a two-hundred day simple moving average of $21.57. The company has a market cap of $171.64 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. On average, analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 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.