AT&T Inc. (NYSE:T) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its position in shares of AT&T Inc. (NYSE:T) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 331,235 shares of the technology company’s stock after buying an additional 1,172 shares during the quarter. HighPoint Advisor Group LLC’s holdings in AT&T were worth $8,324,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of AT&T by 9.1% during the 4th quarter. Franklin Resources Inc. now owns 8,673,693 shares of the technology company’s stock worth $197,500,000 after purchasing an additional 725,780 shares during the period. Seven Mile Advisory boosted its stake in AT&T by 11.9% in the 4th quarter. Seven Mile Advisory now owns 13,521 shares of the technology company’s stock worth $308,000 after buying an additional 1,434 shares during the last quarter. Summit Financial LLC grew its holdings in AT&T by 69.6% in the 4th quarter. Summit Financial LLC now owns 246,712 shares of the technology company’s stock valued at $5,618,000 after buying an additional 101,206 shares during the period. Alliancebernstein L.P. increased its stake in shares of AT&T by 40.1% during the 4th quarter. Alliancebernstein L.P. now owns 18,632,607 shares of the technology company’s stock valued at $424,264,000 after acquiring an additional 5,329,647 shares during the last quarter. Finally, AIA Group Ltd lifted its holdings in shares of AT&T by 3.0% during the 4th quarter. AIA Group Ltd now owns 325,436 shares of the technology company’s stock worth $7,410,000 after acquiring an additional 9,454 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on T shares. Royal Bank of Canada upped their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Sanford C. Bernstein boosted their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank raised their price objective on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Finally, Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Down 0.0 %

Shares of AT&T stock opened at $28.20 on Monday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.51. The company has a market capitalization of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business has a 50-day moving average of $25.70 and a 200-day moving average of $23.54.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T’s dividend payout ratio is currently 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.