AT&T Inc. (NYSE:T) Stake Boosted by WESPAC Advisors LLC

WESPAC Advisors LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,161 shares of the technology company’s stock after acquiring an additional 4,648 shares during the quarter. WESPAC Advisors LLC’s holdings in AT&T were worth $960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of T. AMF Tjanstepension AB grew its stake in AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after acquiring an additional 1,161,152 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of AT&T by 1.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock valued at $6,824,000 after buying an additional 3,972 shares in the last quarter. Global Trust Asset Management LLC grew its stake in shares of AT&T by 28.1% in the 3rd quarter. Global Trust Asset Management LLC now owns 3,900 shares of the technology company’s stock valued at $86,000 after buying an additional 855 shares in the last quarter. West Michigan Advisors LLC bought a new stake in shares of AT&T in the 3rd quarter valued at approximately $249,000. Finally, Ballentine Partners LLC grew its stake in shares of AT&T by 4.5% in the 3rd quarter. Ballentine Partners LLC now owns 82,556 shares of the technology company’s stock valued at $1,816,000 after buying an additional 3,586 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.9 %

Shares of T stock opened at $26.64 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $26.72. The firm has a market cap of $191.19 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The stock has a 50 day moving average of $23.50 and a 200-day moving average of $22.30. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts predict 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 was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Tigress Financial boosted their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.