HTLF Bank Takes Position in AT&T Inc. (NYSE:T)

HTLF Bank purchased a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 35,783 shares of the technology company’s stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fidelis Capital Partners LLC bought a new stake in AT&T during the 4th quarter valued at $492,000. Xponance Inc. increased its stake in AT&T by 5.7% during the 4th quarter. Xponance Inc. now owns 915,733 shares of the technology company’s stock valued at $15,366,000 after purchasing an additional 49,461 shares in the last quarter. Flynn Zito Capital Management LLC increased its stake in AT&T by 13.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 28,514 shares of the technology company’s stock valued at $478,000 after purchasing an additional 3,479 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in AT&T by 1.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 51,510 shares of the technology company’s stock worth $862,000 after acquiring an additional 876 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its holdings in AT&T by 27.0% during the 4th quarter. Twin Capital Management Inc. now owns 158,635 shares of the technology company’s stock worth $2,662,000 after acquiring an additional 33,760 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on T shares. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Friday, January 19th. Tigress Financial boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

AT&T Stock Up 1.1 %

Shares of T opened at $16.51 on Friday. The firm has a market cap of $118.09 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.46 and a beta of 0.57. The stock has a 50 day simple moving average of $17.00 and a two-hundred day simple moving average of $16.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.72.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 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 6.72%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

AT&T Profile

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.