Dynamic Advisor Solutions LLC Buys 4,831 Shares of AT&T Inc. (NYSE:T)

Dynamic Advisor Solutions LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 173,796 shares of the technology company’s stock after acquiring an additional 4,831 shares during the period. Dynamic Advisor Solutions LLC’s holdings in AT&T were worth $3,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the fourth quarter worth about $34,000. Reston Wealth Management LLC purchased a new position in shares of AT&T in the third quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on T shares. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Sanford C. Bernstein assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Evercore ISI raised their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company cut their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Trading Up 0.7 %

Shares of NYSE:T opened at $22.69 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The stock’s fifty day moving average price is $22.80 and its 200-day moving average price is $21.44. The company has a market cap of $162.77 billion, a P/E ratio of 18.44, a PEG ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

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.