KBC Group NV Purchases 106,367 Shares of AT&T Inc. (NYSE:T)

KBC Group NV raised its position in shares of AT&T Inc. (NYSE:T) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,455,824 shares of the technology company’s stock after buying an additional 106,367 shares during the quarter. KBC Group NV’s holdings in AT&T were worth $33,149,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in AT&T during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the 4th quarter valued at approximately $34,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the 3rd quarter valued at $35,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T in the third quarter worth $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 6.2 %

NYSE T opened at $24.12 on Tuesday. The company’s 50-day simple moving average is $22.80 and its two-hundred day simple moving average is $21.48. AT&T Inc. has a one year low of $15.94 and a one year high of $24.37. The company has a market capitalization of $173.05 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 7.42% and a return on equity of 13.97%. Equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI increased their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Finally, UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T 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.