Krilogy Financial LLC Has $1.06 Million Stock Position in AT&T Inc. (NYSE:T)

Krilogy Financial LLC boosted its stake in AT&T Inc. (NYSE:T) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,615 shares of the technology company’s stock after buying an additional 1,421 shares during the period. Krilogy Financial LLC’s holdings in AT&T were worth $1,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in AT&T in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in AT&T in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new position in AT&T in the 3rd quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Citigroup increased their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Evercore ISI increased their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

AT&T Stock Up 1.2 %

T opened at $22.30 on Monday. The stock has a market cap of $159.97 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $22.79 and its two-hundred day moving average price is $21.33. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. AT&T’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.