Pettyjohn Wood & White Inc. Raises Stock Holdings in AT&T Inc. (NYSE:T)

Pettyjohn Wood & White Inc. lifted its holdings in AT&T Inc. (NYSE:T) by 12.7% in the fourth quarter, HoldingsChannel reports. The firm owned 39,361 shares of the technology company’s stock after purchasing an additional 4,450 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in AT&T were worth $896,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. AMF Tjanstepension AB raised its stake in shares of AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after acquiring an additional 1,161,152 shares during the period. Valmark Advisers Inc. grew its stake in shares of AT&T by 8.1% during the third quarter. Valmark Advisers Inc. now owns 21,087 shares of the technology company’s stock valued at $464,000 after buying an additional 1,581 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of AT&T by 108.6% in the third quarter. JFS Wealth Advisors LLC now owns 72,632 shares of the technology company’s stock worth $1,598,000 after buying an additional 37,821 shares during the period. Cornerstone Wealth Group LLC lifted its stake in shares of AT&T by 0.8% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 295,259 shares of the technology company’s stock worth $6,496,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in AT&T by 7.9% during the 3rd quarter. Financial Advocates Investment Management now owns 77,310 shares of the technology company’s stock valued at $1,701,000 after acquiring an additional 5,650 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein lifted their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Scotiabank increased their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Trading Up 1.2 %

NYSE:T opened at $26.90 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $23.82 and a 200-day simple moving average of $22.49. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.16. The company has a market capitalization of $193.09 billion, a P/E ratio of 18.05, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

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.