First Horizon Advisors Inc. Buys 10,815 Shares of AT&T Inc. (NYSE:T)

First Horizon Advisors Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 979,626 shares of the technology company’s stock after acquiring an additional 10,815 shares during the period. First Horizon Advisors Inc.’s holdings in AT&T were worth $22,306,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings 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 worth $29,000 after acquiring an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new stake in AT&T in the 4th quarter worth approximately $30,000. Endeavor Private Wealth Inc. purchased a new stake in AT&T in the 4th quarter worth approximately $34,000. Finally, Reston Wealth Management LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $35,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Scotiabank increased their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned 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 a consensus target price of $26.33.

AT&T Stock Up 1.9 %

NYSE:T opened at $26.64 on Friday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.72. The company has a market cap of $191.19 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The stock has a fifty day simple moving average of $23.50 and a 200-day simple moving average of $22.30. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. Analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. 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.