Brown Advisory Inc. Buys 17,601 Shares of AT&T Inc. (NYSE:T)

Brown Advisory Inc. boosted its stake in shares of AT&T Inc. (NYSE:TFree Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,324 shares of the technology company’s stock after acquiring an additional 17,601 shares during the quarter. Brown Advisory Inc.’s holdings in AT&T were worth $4,066,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in T. Newport Trust Company LLC grew its stake in shares of AT&T by 0.3% during the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares during the last quarter. Northern Trust Corp grew its stake in shares of AT&T by 2.5% during the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock valued at $1,128,878,000 after buying an additional 1,828,237 shares during the last quarter. FMR LLC grew its stake in shares of AT&T by 130.5% during the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after buying an additional 32,558,342 shares during the last quarter. Ameriprise Financial Inc. grew its stake in AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after purchasing an additional 34,189,954 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in AT&T by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock worth $848,888,000 after purchasing an additional 798,024 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on T shares. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Tigress Financial upped their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, Citigroup upped their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.81.

View Our Latest Research Report on AT&T

AT&T Price Performance

Shares of T opened at $17.50 on Thursday. The business’s 50-day moving average is $17.03 and its two-hundred day moving average is $16.84. The company has a market capitalization of $125.48 billion, a P/E ratio of 9.41, a P/E/G ratio of 3.40 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same period last year, the firm earned $0.60 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio is presently 59.68%.

About AT&T

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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

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