PDS Planning Inc Has $461,000 Holdings in AT&T Inc. (NYSE:T)

PDS Planning Inc boosted its stake in shares of AT&T Inc. (NYSE:T) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,444 shares of the technology company’s stock after buying an additional 1,271 shares during the period. PDS Planning Inc’s holdings in AT&T were worth $461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Carmel Capital Partners LLC raised its holdings in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares during the period. Lipe & Dalton acquired a new stake in AT&T during the 3rd quarter worth about $30,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T in the 3rd quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the period. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of AT&T by 588.2% in the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,241 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock traded up $0.16 during trading hours on Tuesday, reaching $16.47. 16,560,810 shares of the company were exchanged, compared to its average volume of 38,480,570. The firm has a market cap of $117.81 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 2.49 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $16.99 and a 200 day moving average of $16.53. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.74%. AT&T’s dividend payout ratio is 56.63%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Citigroup upped their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upped their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Barclays upped their target price on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

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.