AT&T Inc. (NYSE:T) Position Increased by SkyOak Wealth LLC

SkyOak Wealth LLC lifted its holdings in AT&T Inc. (NYSE:T) by 33.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,088 shares of the technology company’s stock after buying an additional 10,407 shares during the quarter. SkyOak Wealth LLC’s holdings in AT&T were worth $936,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in 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 valued at $29,000 after purchasing an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter valued at about $34,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Scotiabank increased their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. Oppenheimer started coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, 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. One 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

AT&T Stock Performance

T stock opened at $23.74 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month 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 company has a market cap of $170.34 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.59. The business’s fifty day moving average is $22.92 and its 200-day moving average is $21.64.

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 analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts forecast that AT&T Inc. will post 2.12 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.68%. AT&T’s dividend payout ratio is presently 74.50%.

AT&T Company 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.