Capital Asset Advisory Services LLC Has $2.95 Million Holdings in AT&T Inc. (NYSE:T)

Capital Asset Advisory Services LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,022 shares of the technology company’s stock after buying an additional 2,768 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in AT&T were worth $2,948,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in 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 purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter worth $34,000. Reston Wealth Management LLC acquired a new stake in AT&T in the third quarter worth $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the third quarter worth $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on T shares. Citigroup lifted their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $22.00 to $26.00 in a report on Monday, January 6th. Sanford C. Bernstein started coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Stock Performance

Shares of T stock opened at $22.69 on Monday. The firm has a market cap of $162.77 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 3.50 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 52 week low of $15.94 and a 52 week high of $24.03. The firm’s 50-day simple moving average is $22.80 and its two-hundred day simple moving average is $21.46.

AT&T Announces Dividend

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

AT&T 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.