Fidelis Capital Partners LLC Takes $492,000 Position in AT&T Inc. (NYSE:T)

Fidelis Capital Partners LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, HoldingsChannel reports. The firm acquired 29,335 shares of the technology company’s stock, valued at approximately $492,000.

A number of other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of AT&T by 85,003.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after acquiring an additional 76,746,649 shares during the last quarter. Norges Bank bought a new position in shares of AT&T in the 4th quarter valued at about $1,229,499,000. Ameriprise Financial Inc. lifted its holdings in shares of AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after acquiring an additional 34,189,954 shares during the last quarter. FMR LLC lifted its holdings in shares of AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after acquiring an additional 32,558,342 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of AT&T by 37.3% in the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after acquiring an additional 29,769,976 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.1 %

T stock traded down $0.02 during trading on Friday, hitting $16.31. 12,656,037 shares of the company’s stock traded hands, compared to its average volume of 38,119,766. The firm has a market capitalization of $116.66 billion, a P/E ratio of 8.33, a PEG ratio of 2.43 and a beta of 0.57. The business has a fifty day simple moving average of $17.01 and a two-hundred day simple moving average of $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 1 year low of $13.43 and a 1 year high of $18.72.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.81%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Wall Street Analyst Weigh In

Several analysts have issued reports on T shares. Barclays raised their price objective on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Citigroup raised 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Finally, Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Friday, January 19th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $20.68.

About AT&T

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.