AT&T Inc. (NYSE:T) Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC increased its stake in AT&T Inc. (NYSE:T) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,932 shares of the technology company’s stock after purchasing an additional 555 shares during the period. Hunter Associates Investment Management LLC’s holdings in AT&T were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in AT&T during the 4th quarter worth approximately $14,700,000. Swiss National Bank raised its position in AT&T by 0.5% during the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after buying an additional 104,700 shares during the last quarter. Franklin Resources Inc. raised its position in AT&T by 41.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after buying an additional 2,326,904 shares during the last quarter. Caprock Group LLC raised its position in AT&T by 18.3% during the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after buying an additional 30,281 shares during the last quarter. Finally, Talbot Financial LLC purchased a new position in AT&T during the 3rd quarter worth approximately $7,438,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 1.2 %

Shares of T opened at $23.74 on Friday. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm’s fifty day moving average is $22.91 and its two-hundred day moving average is $21.59. The stock has a market cap of $170.34 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.12 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given 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 dividend yield of 4.68%. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent research reports. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price 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. Finally, Royal Bank of Canada lifted their target price on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

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.