St. Johns Investment Management Company LLC Has $676,000 Holdings in AT&T Inc. (NYSE:T)

St. Johns Investment Management Company LLC raised its position in AT&T Inc. (NYSE:T) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,700 shares of the technology company’s stock after buying an additional 554 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in AT&T were worth $676,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the fourth quarter valued at approximately $34,000. Reston Wealth Management LLC bought a new stake in AT&T in the third quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the third quarter worth $35,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Tigress Financial boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein assumed coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Trading Up 0.9 %

AT&T stock opened at $22.51 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a 50-day moving average of $22.80 and a 200-day moving average of $21.40. The company has a market cap of $161.54 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.93%. AT&T’s dividend payout ratio is presently 90.24%.

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.