PDS Planning Inc Raises Stock Position in AT&T Inc. (NYSE:T)

PDS Planning Inc boosted its position in shares of AT&T Inc. (NYSE:T) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,444 shares of the technology company’s stock after purchasing an additional 1,271 shares during the period. PDS Planning Inc’s holdings in AT&T were worth $461,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC increased its position in shares of AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares during the last quarter. Lipe & Dalton acquired a new stake in shares of AT&T during the third quarter valued at about $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the third quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the last quarter. Finally, Morton Brown Family Wealth LLC increased its position in shares of AT&T by 588.2% during the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after acquiring an additional 2,241 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of recent analyst reports. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Friday, January 19th. Barclays lifted their price objective on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Tigress Financial lifted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

AT&T Stock Performance

T stock traded up $0.16 on Tuesday, hitting $16.47. The company’s stock had a trading volume of 16,560,810 shares, compared to its average volume of 38,480,570. The firm has a 50 day moving average of $16.99 and a two-hundred day moving average of $16.53. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16. The stock has a market cap of $117.81 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. Equities analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.74%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

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.