AT&T Inc. (NYSE:T) is Keynote Financial Services LLC’s 8th Largest Position

Keynote Financial Services LLC increased its position in AT&T Inc. (NYSE:T) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,518 shares of the technology company’s stock after acquiring an additional 1,272 shares during the period. AT&T comprises about 2.0% of Keynote Financial Services LLC’s investment portfolio, making the stock its 8th biggest holding. Keynote Financial Services LLC’s holdings in AT&T were worth $2,630,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of T. Sherman Asset Management Inc. bought a new stake in AT&T during the fourth quarter valued at approximately $90,000. Spectrum Wealth Counsel LLC lifted its holdings in AT&T by 67,500.0% in the 4th quarter. Spectrum Wealth Counsel LLC now owns 8,112 shares of the technology company’s stock worth $185,000 after purchasing an additional 8,100 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of AT&T by 8.7% in the fourth quarter. Metis Global Partners LLC now owns 276,242 shares of the technology company’s stock worth $6,290,000 after buying an additional 22,030 shares in the last quarter. Providence First Trust Co purchased a new stake in AT&T in the 4th quarter worth $996,000. Finally, Sims Investment Management LLC bought a new position in AT&T during the fourth quarter valued at approximately $148,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein lifted their target price on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Trading Up 2.0 %

NYSE T opened at $27.45 on Friday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.49. The company has a 50 day moving average price of $23.91 and a 200 day moving average price of $22.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market cap of $197.01 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data 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 return on equity of 13.97% and a net margin of 8.95%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, January 10th. 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.