Knights of Columbus Asset Advisors LLC Has $7.60 Million Stock Holdings in AT&T Inc. (NYSE:T)

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 16.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 452,607 shares of the technology company’s stock after purchasing an additional 63,498 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in AT&T were worth $7,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of AT&T by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after buying an additional 547 shares during the period. SMH Capital Advisors Inc. lifted its position in shares of AT&T by 1.8% in the 4th quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock worth $585,000 after acquiring an additional 565 shares during the period. Kahn Brothers Group Inc. increased its position in shares of AT&T by 3.4% during the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock valued at $319,000 after purchasing an additional 575 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares in the last quarter. Finally, JB Capital LLC lifted its position in AT&T by 2.4% in the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after purchasing an additional 614 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several analyst reports. 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 report on Thursday, January 25th. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Tigress Financial upped their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Trading Up 0.3 %

T stock traded up $0.05 during midday trading on Friday, reaching $16.38. The company’s stock had a trading volume of 24,046,635 shares, compared to its average volume of 38,284,176. The business’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $16.48. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.72. The stock has a market cap of $117.16 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57.

AT&T (NYSE:T) last posted its quarterly 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). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same period last year, the company earned $0.61 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

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.