Van Hulzen Asset Management LLC Raises Holdings in AT&T Inc. (NYSE:T)

Van Hulzen Asset Management LLC boosted its holdings in shares of AT&T Inc. (NYSE:TGet Rating) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,766 shares of the technology company’s stock after buying an additional 1,980 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in AT&T were worth $757,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Econ Financial Services Corp purchased a new position in AT&T during the fourth quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in AT&T in the third quarter worth $29,000. Atwood & Palmer Inc. purchased a new position in AT&T in the fourth quarter worth $29,000. Arlington Partners LLC grew its holdings in AT&T by 70.7% in the fourth quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock worth $31,000 after purchasing an additional 523 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in AT&T by 2,790.2% in the third quarter. Benjamin Edwards Inc. now owns 1,185 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,144 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Shares of NYSE T traded up $0.12 during mid-day trading on Tuesday, reaching $19.58. The company had a trading volume of 1,223,652 shares, compared to its average volume of 54,247,590. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 0.83. The firm has a 50 day simple moving average of $23.17 and a two-hundred day simple moving average of $24.37. The stock has a market cap of $139.86 billion, a P/E ratio of 7.09, a PEG ratio of 1.83 and a beta of 0.68. AT&T Inc. has a 52-week low of $18.85 and a 52-week high of $33.88.

AT&T (NYSE:TGet Rating) last posted its earnings results on Wednesday, January 26th. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $40.96 billion for the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a net margin of 11.89% and a return on equity of 13.50%. The company’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. On average, equities analysts expect that AT&T Inc. will post 2.99 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be given a $0.278 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Wednesday, April 13th. AT&T’s dividend payout ratio (DPR) is 40.22%.

Several research firms have issued reports on T. Tigress Financial lifted their price target on shares of AT&T from $36.00 to $41.00 in a report on Thursday, January 20th. Barclays cut their price target on shares of AT&T from $30.00 to $28.00 in a report on Friday, January 28th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $34.00 to $22.00 in a report on Monday, April 11th. Raymond James cut their price target on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, April 12th. Finally, Wolfe Research dropped their price objective on shares of AT&T from $29.00 to $27.00 and set a “peer perform” rating on the stock in a report on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.10.

AT&T Company Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices 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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