Mather Group LLC. Has $466,000 Holdings in AT&T Inc. (NYSE:T)

Mather Group LLC. lifted its holdings in AT&T Inc. (NYSE:T) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,744 shares of the technology company’s stock after purchasing an additional 4,950 shares during the period. Mather Group LLC.’s holdings in AT&T were worth $466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Carmel Capital Partners LLC increased 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 purchasing an additional 1,625 shares during the period. Lipe & Dalton bought a new position in shares of AT&T during the 3rd quarter worth about $30,000. Ramirez Asset Management Inc. bought a new position in shares of AT&T during the 3rd quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its stake in AT&T by 3,202.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,626 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on T shares. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Scotiabank upped their target price on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Citigroup upped their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Stock Up 0.2 %

NYSE T opened at $16.92 on Thursday. The business has a fifty day moving average price of $16.96 and a two-hundred day moving average price of $16.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The stock has a market capitalization of $121.03 billion, a PE ratio of 9.10, a PEG ratio of 3.32 and a beta of 0.57.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.56%. AT&T’s payout ratio is 59.68%.

AT&T 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.