IFS Advisors LLC Has $76,000 Stake in AT&T Inc. (NYSE:T)

IFS Advisors LLC grew its position in AT&T Inc. (NYSE:T) by 286.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,329 shares of the technology company’s stock after purchasing an additional 2,468 shares during the period. IFS Advisors LLC’s holdings in AT&T were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in AT&T in the second quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the third quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE T opened at $21.96 on Thursday. The stock has a 50-day moving average of $22.80 and a 200 day moving average of $21.28. The company has a market capitalization of $157.57 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 3.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.05%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on T. Citigroup lifted their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $22.00 to $26.00 in a report on Monday, January 6th. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Tigress Financial boosted their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $25.83.

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.