Mather Group LLC. Increases Stock Holdings in AT&T Inc. (NYSE:T)

Mather Group LLC. increased its holdings in AT&T Inc. (NYSE:T) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,197 shares of the technology company’s stock after buying an additional 5,306 shares during the period. Mather Group LLC.’s holdings in AT&T were worth $1,052,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the fourth quarter worth about $34,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new position 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.

AT&T Stock Performance

Shares of T stock opened at $24.26 on Wednesday. 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 company’s fifty day moving average price is $22.94 and its two-hundred day moving average price is $21.70. The firm has a market capitalization of $174.05 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 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%. On average, research analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.58%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI boosted their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

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.