AT&T Inc. (NYSE:T) Shares Acquired by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL increased its stake in AT&T Inc. (NYSE:T) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,034,727 shares of the technology company’s stock after purchasing an additional 33,086 shares during the quarter. Vaughan David Investments LLC IL’s holdings in AT&T were worth $46,331,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in AT&T in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $28,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership acquired a new stake in AT&T in the 4th quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.4 %

T opened at $26.74 on Tuesday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.13. 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 stock has a market capitalization of $191.91 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 3.00 and a beta of 0.59. The business has a 50 day moving average of $23.58 and a 200-day moving average of $22.38.

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%. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.15%. AT&T’s dividend payout ratio is 74.50%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Citigroup upped their price target 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. UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

About AT&T

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.