AT&T Inc. (NYSE:T) Holdings Raised by First Republic Investment Management Inc.

First Republic Investment Management Inc. boosted its stake in shares of AT&T Inc. (NYSE:TGet Rating) by 9.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,951,561 shares of the technology company’s stock after purchasing an additional 169,805 shares during the quarter. First Republic Investment Management Inc.’s holdings in AT&T were worth $29,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC boosted its position in AT&T by 46.3% during the 3rd quarter. Northwest Investment Counselors LLC now owns 3,800 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,203 shares during the period. Canandaigua National Corp boosted its position in AT&T by 1.0% during the 3rd quarter. Canandaigua National Corp now owns 77,837 shares of the technology company’s stock worth $1,194,000 after acquiring an additional 775 shares during the period. Solitude Financial Services boosted its position in AT&T by 22.7% during the 3rd quarter. Solitude Financial Services now owns 52,360 shares of the technology company’s stock worth $803,000 after acquiring an additional 9,675 shares during the period. Exchange Traded Concepts LLC boosted its position in AT&T by 99.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 13,821 shares of the technology company’s stock worth $290,000 after acquiring an additional 6,879 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in AT&T by 6.7% during the 2nd quarter. SRS Capital Advisors Inc. now owns 9,458 shares of the technology company’s stock worth $198,000 after acquiring an additional 590 shares during the period. Institutional investors and hedge funds own 51.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on T. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, October 21st. Moffett Nathanson reiterated an “underperform” rating and set a $17.00 price target on shares of AT&T in a research report on Monday, December 19th. Morgan Stanley lowered AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a report on Thursday, December 15th. Finally, Royal Bank of Canada cut their price objective on AT&T from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

AT&T Stock Down 0.7 %

Shares of AT&T stock opened at $19.10 on Tuesday. The stock’s fifty day moving average is $18.91 and its 200-day moving average is $18.09. The firm has a market capitalization of $136.13 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 0.88. AT&T Inc. has a 12-month low of $14.46 and a 12-month high of $21.53.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Monday, January 9th. AT&T’s dividend payout ratio (DPR) is presently 41.11%.

AT&T Company Profile

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AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

Institutional Ownership by Quarter for AT&T (NYSE:T)

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