Silver Oak Securities Incorporated Boosts Holdings in AT&T Inc. (NYSE:T)

Silver Oak Securities Incorporated boosted its stake in AT&T Inc. (NYSE:T) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,926 shares of the technology company’s stock after acquiring an additional 12,802 shares during the period. Silver Oak Securities Incorporated’s holdings in AT&T were worth $2,576,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in T. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership acquired a new position in AT&T in the 4th quarter valued at about $30,000. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the 4th quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC acquired a new stake in AT&T during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.9 %

NYSE:T opened at $24.48 on Thursday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The company has a market cap of $175.63 billion, a PE ratio of 16.43, a P/E/G ratio of 2.71 and a beta of 0.59. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $22.99 and its two-hundred day moving average is $21.75.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.53%. AT&T’s dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

A number of research firms recently weighed in on T. Evercore ISI lifted their price target on AT&T from $19.00 to $21.00 and gave the company 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 price target for the company in a report on Thursday, January 16th. UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Company 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.