Crossmark Global Holdings Inc. Has $12.31 Million Stock Holdings in AT&T Inc. (NYSE:T)

Crossmark Global Holdings Inc. lifted its stake in shares of AT&T Inc. (NYSE:T) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 733,399 shares of the technology company’s stock after purchasing an additional 167,902 shares during the period. Crossmark Global Holdings Inc.’s holdings in AT&T were worth $12,307,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. WealthPlan Investment Management LLC grew its stake in AT&T by 31,572.3% in the third quarter. WealthPlan Investment Management LLC now owns 35,473 shares of the technology company’s stock valued at $533,000 after purchasing an additional 35,361 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in AT&T in the third quarter valued at about $10,988,000. Soltis Investment Advisors LLC grew its stake in AT&T by 368.9% in the third quarter. Soltis Investment Advisors LLC now owns 63,669 shares of the technology company’s stock valued at $956,000 after purchasing an additional 50,091 shares in the last quarter. MRA Advisory Group purchased a new position in AT&T in the third quarter valued at about $152,000. Finally, Charles Schwab Investment Management Inc. grew its stake in AT&T by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 49,791,397 shares of the technology company’s stock valued at $747,867,000 after purchasing an additional 327,425 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Tuesday, March 5th. Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $20.81.

AT&T Price Performance

Shares of T stock traded down $0.05 during trading hours on Wednesday, hitting $18.30. 28,083,568 shares of the company’s stock were exchanged, compared to its average volume of 37,128,523. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.36. The stock has a market cap of $131.21 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 3.54 and a beta of 0.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The stock’s 50-day moving average is $17.13 and its 200-day moving average is $16.97.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. AT&T’s revenue was down .4% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.07%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio is 59.68%.

AT&T Company 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.