TFB Advisors LLC Grows Position in AT&T Inc. (NYSE:T)

TFB Advisors LLC lifted its position in AT&T Inc. (NYSE:T) by 345.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,203 shares of the technology company’s stock after purchasing an additional 39,718 shares during the period. TFB Advisors LLC’s holdings in AT&T were worth $1,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advisors Inc. OK lifted its holdings in shares of AT&T by 10.8% in the fourth quarter. Capital Advisors Inc. OK now owns 25,224 shares of the technology company’s stock worth $574,000 after buying an additional 2,453 shares in the last quarter. Certuity LLC lifted its holdings in shares of AT&T by 2.2% in the fourth quarter. Certuity LLC now owns 295,891 shares of the technology company’s stock worth $6,737,000 after buying an additional 6,426 shares in the last quarter. Fortress Financial Solutions LLC purchased a new stake in shares of AT&T in the fourth quarter worth about $691,000. Quent Capital LLC lifted its holdings in shares of AT&T by 14.8% in the fourth quarter. Quent Capital LLC now owns 15,812 shares of the technology company’s stock worth $360,000 after buying an additional 2,039 shares in the last quarter. Finally, Edmp Inc. raised its stake in AT&T by 0.7% in the fourth quarter. Edmp Inc. now owns 115,469 shares of the technology company’s stock valued at $2,629,000 after purchasing an additional 852 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on T shares. Scotiabank raised their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Citigroup raised their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Barclays raised their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Up 1.2 %

Shares of AT&T stock opened at $25.16 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $25.18. The stock has a market capitalization of $180.50 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.79 and a beta of 0.59. The company’s 50 day moving average price is $23.09 and its 200-day moving average price is $21.90.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts forecast that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.41%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 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.