Investors Asset Management of Georgia Inc. GA ADV Grows Stock Position in AT&T Inc. (NYSE:T)

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of AT&T Inc. (NYSE:T) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,510 shares of the technology company’s stock after purchasing an additional 876 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in AT&T were worth $862,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Twin Capital Management Inc. increased its position in AT&T by 27.0% during the 4th quarter. Twin Capital Management Inc. now owns 158,635 shares of the technology company’s stock worth $2,662,000 after purchasing an additional 33,760 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in AT&T by 76.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,806 shares of the technology company’s stock worth $265,000 after acquiring an additional 6,859 shares during the period. Daiwa Securities Group Inc. boosted its holdings in AT&T by 7.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 674,638 shares of the technology company’s stock worth $11,320,000 after acquiring an additional 48,480 shares during the period. Alpha Omega Wealth Management LLC boosted its holdings in AT&T by 6.5% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 500,114 shares of the technology company’s stock worth $8,392,000 after acquiring an additional 30,480 shares during the period. Finally, Rakuten Securities Inc. purchased a new position in AT&T in the 4th quarter worth approximately $454,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock traded up $0.10 on Thursday, hitting $16.22. 17,883,334 shares of the stock traded hands, compared to its average volume of 38,316,449. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market capitalization of $116.02 billion, a PE ratio of 8.27, a PEG ratio of 2.43 and a beta of 0.57. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.83. The company’s fifty day moving average is $17.02 and its 200 day moving average is $16.48.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

Wall Street Analyst Weigh In

T has been the subject of a number of analyst reports. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Citigroup upped their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Barclays increased their target price on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

About AT&T

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.