Certuity LLC Raises Position in AT&T Inc. (NYSE:T)

Certuity LLC grew its position in shares of AT&T Inc. (NYSE:T) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 295,891 shares of the technology company’s stock after acquiring an additional 6,426 shares during the period. Certuity LLC’s holdings in AT&T were worth $6,737,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in T. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter worth $25,000. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter worth about $34,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in AT&T during the 3rd quarter valued at about $35,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Evercore ISI upped their price target on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Up 1.2 %

AT&T stock opened at $25.16 on Wednesday. AT&T Inc. has a one year low of $15.94 and a one year high of $25.18. The stock has a fifty day moving average of $23.09 and a 200 day moving average of $21.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market cap of $180.50 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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%. As a group, sell-side analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

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.