AT&T Inc. (NYSE:T) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,047 shares of the technology company’s stock after purchasing an additional 470 shares during the period. Concurrent Investment Advisors LLC’s holdings in AT&T were worth $6,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC purchased a new position in shares of AT&T in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on T shares. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Sanford C. Bernstein lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Citigroup lifted their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.33.

AT&T Trading Up 0.6 %

Shares of NYSE T opened at $26.23 on Thursday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.35. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $23.38 and a 200-day simple moving average of $22.20. The stock has a market capitalization of $188.28 billion, a PE ratio of 17.60, a PEG ratio of 2.99 and a beta of 0.59.

AT&T (NYSE:T) last released its 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, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.23%. AT&T’s payout ratio is 74.50%.

AT&T 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.