Fisher Funds Management LTD Buys New Position in AT&T Inc. (NYSE:T)

Fisher Funds Management LTD purchased a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,025,923 shares of the technology company’s stock, valued at approximately $23,237,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew 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 buying an additional 841 shares during the last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter valued at $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter valued at $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on T shares. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Citigroup raised their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Scotiabank lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

Shares of NYSE:T opened at $26.64 on Friday. The stock has a market capitalization of $191.19 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.59. The business has a 50-day moving average of $23.50 and a two-hundred day moving average of $22.30. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.17%. AT&T’s payout ratio is presently 74.50%.

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.