Brown Lisle Cummings Inc. Has $1.13 Million Holdings in AT&T Inc. (NYSE:T)

Brown Lisle Cummings Inc. increased its position in shares of AT&T Inc. (NYSE:T) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,479 shares of the technology company’s stock after buying an additional 4,821 shares during the period. Brown Lisle Cummings Inc.’s holdings in AT&T were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of T. Longboard Asset Management LP bought a new stake in AT&T in the 4th quarter valued at $233,000. First Dallas Securities Inc. raised its position in shares of AT&T by 2.8% in the fourth quarter. First Dallas Securities Inc. now owns 89,658 shares of the technology company’s stock valued at $2,042,000 after purchasing an additional 2,414 shares during the period. Calamos Wealth Management LLC lifted its stake in shares of AT&T by 18.2% during the 4th quarter. Calamos Wealth Management LLC now owns 15,280 shares of the technology company’s stock worth $348,000 after buying an additional 2,354 shares during the last quarter. Columbus Macro LLC boosted its holdings in shares of AT&T by 52.7% during the 4th quarter. Columbus Macro LLC now owns 94,989 shares of the technology company’s stock worth $2,163,000 after buying an additional 32,773 shares during the period. Finally, Optas LLC grew its stake in AT&T by 5.2% in the 4th quarter. Optas LLC now owns 22,659 shares of the technology company’s stock valued at $516,000 after buying an additional 1,124 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. Evercore ISI lifted 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 note on Thursday, October 24th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.11.

AT&T Stock Up 2.2 %

NYSE:T opened at $24.26 on Tuesday. 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 Inc. has a one year low of $15.94 and a one year high of $24.98. The firm’s 50 day simple moving average is $22.92 and its 200 day simple moving average is $21.66. The company has a market cap of $174.04 billion, a PE ratio of 16.28, a P/E/G ratio of 2.71 and a beta of 0.59.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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, research analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

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.