Adviser Investments LLC Raises Stake in AT&T Inc. (T)

Adviser Investments LLC increased its stake in AT&T Inc. (NYSE:T) by 68.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,589 shares of the technology company’s stock after buying an additional 6,341 shares during the period. Adviser Investments LLC’s holdings in AT&T were worth $648,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in AT&T during the fourth quarter valued at about $2,416,759,000. Asset Management One Co. Ltd. increased its position in AT&T by 731.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,876,186 shares of the technology company’s stock valued at $462,693,000 after buying an additional 9,568,534 shares during the last quarter. Westwood Holdings Group Inc. increased its position in AT&T by 2,630.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,225,260 shares of the technology company’s stock valued at $137,171,000 after buying an additional 3,107,120 shares during the last quarter. Teachers Advisors LLC increased its position in AT&T by 26.5% in the fourth quarter. Teachers Advisors LLC now owns 13,610,660 shares of the technology company’s stock valued at $578,861,000 after buying an additional 2,849,017 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in AT&T by 4,357.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,049,259 shares of the technology company’s stock valued at $2,049,000 after buying an additional 2,003,286 shares during the last quarter. Institutional investors own 55.34% of the company’s stock.

Shares of AT&T Inc. (NYSE T) opened at 36.52 on Friday. The company’s 50 day moving average is $37.85 and its 200-day moving average is $40.00. The company has a market capitalization of $224.52 billion, a P/E ratio of 17.86 and a beta of 0.47. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.50.

AT&T (NYSE:T) last posted its earnings results on Tuesday, April 25th. The technology company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The business had revenue of $39.40 billion for the quarter, compared to the consensus estimate of $40.50 billion. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that AT&T Inc. will post $2.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.37%. AT&T’s dividend payout ratio is presently 96.08%.

Several analysts have recently weighed in on the stock. Wells Fargo & Company reiterated an “outperform” rating on shares of AT&T in a research report on Tuesday, April 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 target price on shares of AT&T in a research report on Sunday, July 9th. Tigress Financial upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research report on Monday, July 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.66.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.