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

Silver Oak Securities Incorporated lifted its holdings in AT&T Inc. (NYSE:T) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,869 shares of the technology company’s stock after purchasing an additional 6,984 shares during the period. Silver Oak Securities Incorporated’s holdings in AT&T were worth $1,491,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Newport Trust Company LLC lifted its holdings in shares of AT&T by 0.3% during the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after purchasing an additional 673,043 shares during the period. Northern Trust Corp grew its holdings in shares of AT&T by 2.5% during the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after buying an additional 1,828,237 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of AT&T by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 60,270,173 shares of the technology company’s stock valued at $905,258,000 after buying an additional 334,222 shares during the last quarter. FMR LLC boosted its position in AT&T by 130.5% during the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after acquiring an additional 32,558,342 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in 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 buying an additional 34,189,954 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

AT&T stock opened at $16.88 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The company has a market cap of $120.74 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The business has a fifty day moving average of $16.96 and a two-hundred day moving average of $16.58.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.58%. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on T. Scotiabank lifted their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Tigress Financial boosted their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.81.

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.