AT&T Inc. (NYSE:T) Shares Acquired by Argyle Capital Management LLC

Argyle Capital Management LLC lifted its stake in AT&T Inc. (NYSE:T) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 150,513 shares of the technology company’s stock after purchasing an additional 2,533 shares during the period. AT&T makes up about 1.4% of Argyle Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Argyle Capital Management LLC’s holdings in AT&T were worth $3,427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its holdings in AT&T by 7.5% in the 4th quarter. QRG Capital Management Inc. now owns 1,742,080 shares of the technology company’s stock valued at $39,667,000 after purchasing an additional 121,702 shares during the last quarter. Versor Investments LP purchased a new stake in shares of AT&T during the 4th quarter valued at approximately $381,000. Motiv8 Investments LLC acquired a new position in AT&T in the fourth quarter valued at approximately $209,000. Proficio Capital Partners LLC grew its position in AT&T by 2,552.6% in the fourth quarter. Proficio Capital Partners LLC now owns 546,517 shares of the technology company’s stock worth $12,444,000 after acquiring an additional 525,914 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in AT&T by 5.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,242,755 shares of the technology company’s stock worth $28,298,000 after acquiring an additional 60,520 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

AT&T stock opened at $26.90 on Friday. The stock has a 50-day simple moving average of $23.82 and a 200-day simple moving average of $22.49. 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. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.16.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.13%. AT&T’s dividend payout ratio is presently 74.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Scotiabank lifted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. Barclays boosted their price target 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. Citigroup lifted their target price 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. Finally, UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned 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, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

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.