OneAscent Financial Services LLC Has $1.02 Million Stake in AT&T Inc. (NYSE:T)

OneAscent Financial Services LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,569 shares of the technology company’s stock after purchasing an additional 5,750 shares during the quarter. OneAscent Financial Services LLC’s holdings in AT&T were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC acquired a new position in AT&T in the 4th quarter worth $14,700,000. Franklin Resources Inc. lifted its holdings in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after purchasing an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp boosted its position in shares of AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock worth $7,288,000 after buying an additional 21,927 shares during the period. Fortress Financial Solutions LLC bought a new position in shares of AT&T during the fourth quarter worth about $691,000. Finally, West Family Investments Inc. raised its position in AT&T by 70.4% in the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after buying an additional 15,680 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.2 %

Shares of AT&T stock opened at $28.13 on Thursday. 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 business has a fifty day simple moving average of $26.06 and a two-hundred day simple moving average of $23.67. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.61. The company has a market capitalization of $201.92 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent research reports. Tigress Financial upped their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Sanford C. Bernstein increased their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Oppenheimer raised their target price on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $27.21.

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.