AT&T Inc. (NYSE:T) Stake Raised by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in shares of AT&T Inc. (NYSE:T) by 6.5% during the 4th quarter, HoldingsChannel reports. The fund owned 217,336 shares of the technology company’s stock after purchasing an additional 13,179 shares during the period. Wedbush Securities Inc.’s holdings in AT&T were worth $4,949,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new stake in shares of AT&T in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 6.8 %

T opened at $26.65 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $29.03. The company has a market cap of $191.27 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The firm has a 50 day simple moving average of $26.26 and a 200 day simple moving average of $23.73.

AT&T (NYSE:T) last released its quarterly earnings data 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 net margin of 8.95% and a return on equity of 13.97%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.17%. AT&T’s payout ratio is 74.50%.

Analyst Ratings Changes

A number of brokerages have issued reports on T. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, January 29th. Royal Bank of Canada raised their target price on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Citigroup raised their price objective on shares of AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. Finally, Scotiabank raised their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. 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 issued a strong buy rating to the company. According to MarketBeat, AT&T 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.