AT&T Inc. (NYSE:T) Stake Boosted by SageView Advisory Group LLC

SageView Advisory Group LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,449 shares of the technology company’s stock after purchasing an additional 26,607 shares during the quarter. SageView Advisory Group LLC’s holdings in AT&T were worth $2,147,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC grew its holdings in AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after buying an additional 1,178 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in AT&T by 50.6% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 75,251 shares of the technology company’s stock worth $1,130,000 after buying an additional 25,300 shares in the last quarter. WCG Wealth Advisors LLC grew its holdings in AT&T by 200.3% in the 3rd quarter. WCG Wealth Advisors LLC now owns 77,074 shares of the technology company’s stock worth $1,174,000 after buying an additional 51,412 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in AT&T by 11.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 532,583 shares of the technology company’s stock valued at $7,999,000 after purchasing an additional 54,537 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in AT&T during the 3rd quarter valued at $8,538,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on T. Scotiabank increased their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, April 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.32.

AT&T Trading Up 0.2 %

AT&T stock opened at $17.67 on Tuesday. The company has a market capitalization of $126.70 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 3.47 and a beta of 0.60. The company’s fifty day moving average price is $17.19 and its two-hundred day moving average price is $17.07. AT&T Inc. has a one year low of $13.43 and a one year high of $18.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s payout ratio is presently 59.68%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.