AT&T Inc. (NYSE:T) Stock Position Lifted by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. boosted its stake in AT&T Inc. (NYSE:T) by 65.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,652 shares of the technology company’s stock after buying an additional 6,967 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in AT&T were worth $402,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of T. International Assets Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth about $14,700,000. Swiss National Bank lifted its stake in shares of AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after buying an additional 104,700 shares during the last quarter. Franklin Resources Inc. grew its stake in AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after buying an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its stake in AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after buying an additional 21,927 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in AT&T by 18.3% in the 3rd quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock worth $4,312,000 after acquiring an additional 30,281 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.2 %

Shares of AT&T stock opened at $26.90 on Friday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.16. The stock has a market capitalization of $193.09 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. The company has a 50-day simple moving average of $23.82 and a 200 day simple moving average of $22.49. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. JPMorgan Chase & Co. raised their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Royal Bank of Canada upped their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.33.

About AT&T

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.