Brighton Jones LLC Has $1.11 Million Position in AT&T Inc. (NYSE:T)

Brighton Jones LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 26.5% during the 4th quarter, Holdings Channel reports. The firm owned 48,579 shares of the technology company’s stock after purchasing an additional 10,188 shares during the quarter. Brighton Jones LLC’s holdings in AT&T were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Sustainable Insight Capital Management LLC raised its stake in AT&T by 19.4% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 544,763 shares of the technology company’s stock valued at $12,404,000 after buying an additional 88,563 shares during the period. FCG Investment Co increased its holdings in shares of AT&T by 25.7% during the 4th quarter. FCG Investment Co now owns 15,286 shares of the technology company’s stock worth $348,000 after acquiring an additional 3,122 shares during the last quarter. Secure Asset Management LLC raised its stake in AT&T by 10.0% in the 4th quarter. Secure Asset Management LLC now owns 44,599 shares of the technology company’s stock valued at $1,016,000 after acquiring an additional 4,060 shares during the period. Red Door Wealth Management LLC lifted its holdings in AT&T by 5.2% during the 4th quarter. Red Door Wealth Management LLC now owns 34,443 shares of the technology company’s stock valued at $784,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Donoghue Forlines LLC bought a new position in AT&T during the fourth quarter worth $3,580,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Company dropped their price target on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Finally, Oppenheimer initiated coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Stock Performance

AT&T stock opened at $22.69 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock has a market cap of $162.77 billion, a PE ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The business’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $21.41.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the prior year, the company earned $0.64 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.89%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

About AT&T

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.