DAVENPORT & Co LLC Has $5.60 Million Holdings in AT&T Inc. (NYSE:T)

DAVENPORT & Co LLC grew its position in shares of AT&T Inc. (NYSE:TFree Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 333,954 shares of the technology company’s stock after buying an additional 6,606 shares during the quarter. DAVENPORT & Co LLC’s holdings in AT&T were worth $5,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in T. Carmel Capital Partners LLC boosted its holdings in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares during the period. FWL Investment Management LLC bought a new position in AT&T in the 4th quarter valued at $31,000. Financial Freedom LLC bought a new position in AT&T in the fourth quarter valued at about $34,000. Lipe & Dalton acquired a new stake in AT&T during the 3rd quarter worth $30,000. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of AT&T during the third quarter worth $30,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Citigroup boosted their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $21.61.

Read Our Latest Report on T

AT&T Price Performance

Shares of T stock opened at $17.61 on Thursday. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.99. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $17.19 and a 200 day simple moving average of $16.37. The company has a market cap of $125.96 billion, a P/E ratio of 8.98, a P/E/G ratio of 2.64 and a beta of 0.57.

AT&T (NYSE:TGet Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

AT&T Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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