9,532 Shares in AT&T Inc. (NYSE:T) Purchased by Acorns Advisers LLC

Acorns Advisers LLC acquired a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,532 shares of the technology company’s stock, valued at approximately $217,000.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $14,700,000. Franklin Resources Inc. raised its stake in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after buying an additional 2,326,904 shares during the period. Consolidated Planning Corp lifted its position in shares of AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after buying an additional 21,927 shares during the last quarter. World Investment Advisors grew its stake in shares of AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after acquiring an additional 63,359 shares during the period. Finally, Fortress Financial Solutions LLC purchased a new stake in AT&T in the 4th quarter worth about $691,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $27.49 on Wednesday. The company’s fifty day moving average price is $26.71 and its 200-day moving average price is $24.05. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $197.35 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $15.94 and a one year high of $29.03.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, April 10th. AT&T’s dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

A number of brokerages have weighed in on T. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Finally, Scotiabank boosted their price objective on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

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.