Cavalier Investments LLC Increases Stake in AT&T Inc. (NYSE:T)

Cavalier Investments LLC increased its holdings in AT&T Inc. (NYSE:T) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,252 shares of the technology company’s stock after purchasing an additional 5,136 shares during the period. AT&T makes up about 0.9% of Cavalier Investments LLC’s holdings, making the stock its 25th biggest holding. Cavalier Investments LLC’s holdings in AT&T were worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Pinnacle West Asset Management Inc. raised its holdings in AT&T by 3.1% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 33,202 shares of the technology company’s stock valued at $756,000 after buying an additional 1,000 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in AT&T by 19.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 1,531,855 shares of the technology company’s stock valued at $34,880,000 after buying an additional 245,356 shares during the last quarter. Amalgamated Bank raised its holdings in AT&T by 1.8% during the 4th quarter. Amalgamated Bank now owns 1,450,430 shares of the technology company’s stock valued at $33,026,000 after buying an additional 25,211 shares during the last quarter. Vaughan David Investments LLC IL raised its holdings in AT&T by 1.7% during the 4th quarter. Vaughan David Investments LLC IL now owns 2,034,727 shares of the technology company’s stock valued at $46,331,000 after buying an additional 33,086 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after buying an additional 5,649,277 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on T shares. UBS Group upped their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Sanford C. Bernstein upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Finally, Citigroup upped their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Stock Down 0.4 %

NYSE:T opened at $26.65 on Wednesday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.16. The firm’s 50-day moving average price is $23.65 and its 200-day moving average price is $22.43. The company has a market capitalization of $191.26 billion, a PE ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

AT&T 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.