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

Donaldson Capital Management LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,424 shares of the technology company’s stock after purchasing an additional 2,011 shares during the period. Donaldson Capital Management LLC’s holdings in AT&T were worth $374,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Global View Capital Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $266,000. King Luther Capital Management Corp boosted its holdings in AT&T by 11.3% in the fourth quarter. King Luther Capital Management Corp now owns 1,650,502 shares of the technology company’s stock worth $37,582,000 after purchasing an additional 167,512 shares during the period. Sage Mountain Advisors LLC boosted its holdings in AT&T by 13.5% in the fourth quarter. Sage Mountain Advisors LLC now owns 37,813 shares of the technology company’s stock worth $861,000 after purchasing an additional 4,493 shares during the period. Net Worth Advisory Group bought a new stake in AT&T during the fourth quarter valued at $208,000. Finally, Vista Investment Partners II LLC acquired a new stake in shares of AT&T during the fourth quarter worth $340,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 4.6 %

Shares of NYSE:T opened at $26.02 on Wednesday. The company has a 50 day moving average of $24.46 and a 200-day moving average of $22.94. 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 market cap of $186.74 billion, a P/E ratio of 17.46, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.27%. AT&T’s dividend payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

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.