AT&T Inc. (NYSE:T) Shares Bought by TFC Financial Management Inc.

TFC Financial Management Inc. lifted its position in AT&T Inc. (NYSE:T) by 44.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,842 shares of the technology company’s stock after acquiring an additional 1,499 shares during the quarter. TFC Financial Management Inc.’s holdings in AT&T were worth $110,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Consolidated Planning Corp boosted its position in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after purchasing an additional 21,927 shares during the period. Raab & Moskowitz Asset Management LLC boosted its position in AT&T by 7.2% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 17,239 shares of the technology company’s stock valued at $393,000 after purchasing an additional 1,157 shares during the period. McClarren Financial Advisors Inc. acquired a new position in AT&T during the 4th quarter valued at approximately $35,000. MFG Wealth Management Inc. acquired a new position in AT&T during the 4th quarter valued at approximately $3,319,000. Finally, Van ECK Associates Corp boosted its position in AT&T by 1.9% during the 4th quarter. Van ECK Associates Corp now owns 404,343 shares of the technology company’s stock valued at $9,207,000 after purchasing an additional 7,385 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on T. UBS Group lifted their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Citigroup lifted their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Price Performance

NYSE T opened at $25.37 on Thursday. The stock has a 50-day simple moving average of $23.11 and a 200 day simple moving average of $21.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $182.04 billion, a PE ratio of 17.03, a P/E/G ratio of 2.79 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $25.38.

AT&T (NYSE:T) last posted its quarterly earnings results 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%. Research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.38%. AT&T’s dividend payout ratio (DPR) is 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.