Fisher Asset Management LLC Has $2.39 Million Holdings in AT&T Inc. (NYSE:T)

Fisher Asset Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,331 shares of the technology company’s stock after purchasing an additional 41,244 shares during the period. Fisher Asset Management LLC’s holdings in AT&T were worth $2,388,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LGT Group Foundation boosted its position in AT&T by 4.6% during the fourth quarter. LGT Group Foundation now owns 657,653 shares of the technology company’s stock valued at $11,009,000 after purchasing an additional 28,835 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of AT&T by 50.6% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 163,855 shares of the technology company’s stock valued at $2,749,000 after buying an additional 55,063 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in AT&T by 24.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 184,373 shares of the technology company’s stock worth $3,094,000 after buying an additional 35,984 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new position in AT&T during the fourth quarter valued at approximately $59,000. Finally, Mine & Arao Wealth Creation & Management LLC. lifted its stake in AT&T by 26.9% in the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 10,197 shares of the technology company’s stock valued at $171,000 after acquiring an additional 2,163 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Friday, January 19th. Citigroup upped their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Tigress Financial boosted their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Finally, TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Trading Up 0.2 %

Shares of T opened at $17.11 on Thursday. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16. The firm has a market capitalization of $122.68 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 3.32 and a beta of 0.57. The stock’s 50-day moving average price is $16.98 and its 200 day moving average price is $16.69. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. As a group, research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

AT&T Company Profile

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.