AT&T Inc. (NYSE:T) Shares Purchased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,538 shares of the technology company’s stock after purchasing an additional 2,373 shares during the quarter. Freestone Capital Holdings LLC’s holdings in AT&T were worth $3,382,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the third quarter worth $25,000. Marshall Investment Management LLC purchased a new position in AT&T in the fourth quarter worth $28,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the third 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 in the last quarter. YANKCOM Partnership purchased a new position in AT&T in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC raised its position in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $26.74.

AT&T Stock Down 0.1 %

Shares of NYSE:T opened at $26.19 on Thursday. The stock’s 50-day moving average price is $24.14 and its two-hundred day moving average price is $22.72. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97. The firm has a market cap of $188.03 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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%. On average, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

AT&T Company 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.